Some Economists Argue That

question 63

Multiple Choice

Some economists argue that

• A)monetary policy should actively be used to stabilize the economy.
• B)fiscal policy should actively be used to stabilize the economy.
• C)fiscal policy can be used to shift the AD curve.
• D)All of the above are correct.

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Definitions:

Consumer Surplus

The distinction between what customers can and are ready to pay for a product or service and the amount they end up paying.

Online Classes

Courses or educational programs delivered over the internet, allowing students to learn remotely.

Consumer Surplus

The discrepancy between what consumers are prepared and capable of paying for a product or service compared to what they end up spending.

Willingness to Pay

The maximum amount a buyer is prepared to spend on a good or service, reflecting the value they derive from it.