Expansionary Fiscal Policy Can Be Used to Reduce Cyclical Unemployment

question 12

Multiple Choice

Expansionary fiscal policy can be used to reduce cyclical unemployment by

• A) increasing long-run aggregate supply so as to raise real GDP.
• B) increasing aggregate demand so as to raise real GDP.
• C) raising nominal wages so as to encourage workers to work more hours.
• D) eliminating inefficiencies from labor markets.

Understand the stages and important considerations in the planning phase of blogging.

Identify and describe various types of digital communication tools including podcasts, microblogs, and blogs.

Recognize the role and impact of media-rich tools like podcasts in communication.

Understand the significance of audience, distribution, and content sustainability in podcasting.

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Definitions:

Spillover Costs

Costs that affect parties who are not directly involved in a transaction or economic activity.

Advertising

The activity or profession of producing advertisements for commercial products or services, aiming to influence consumer behavior and preferences.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating elastic demand.

Brand Names

The names given to products or services by companies to distinguish them in the market and build company identity.