Expansionary Fiscal Policy Will Result in _____ Price Level and _____

question 49

Multiple Choice

Expansionary fiscal policy will result in _____ price level and _____ employment in the short run in an economy, other things constant

• A)a higher; higher
• B)a higher; lower
• C)an indeterminate change; higher
• D)a lower; lower
• E)a higher; an indeterminate change in

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Definitions:

Confess

To admit or acknowledge something that is true, especially something personal or sensitive.

Good Quality Product

A product that meets or exceeds the expectations of its users in terms of performance, durability, and reliability.

Dominant Strategy

A strategy in game theory that yields the best payoff for a player no matter what the other players do.

Combined Profit

The aggregate profit earned by combining the net incomes of two or more entities, businesses, or investment sources.