In the Long Run, Fiscal Policy Primarily Affects

question 431

Multiple Choice

In the long run, fiscal policy primarily affects

• A) aggregate demand. In the short run, it affects primarily aggregate supply.
• B) aggregate supply. In the short run, it affects primarily saving, investment, and growth.
• C) saving, investment, and growth. In the short run, it affects primarily aggregate demand.
• D) saving, investment, and growth. In the short run, it affects primarily aggregate supply.

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Definitions:

Molality

A measure of the concentration of a solute in a solution in terms of amount of substance per mass of solvent, specifically moles of solute per kilogram of solvent.

Molarity

A measure of the concentration of a solute in a solution, expressed as the number of moles of solute per liter of solution.

Variable

An element, feature, or factor that is liable to vary or change.

Molality

A measure of the concentration of a solute in a solution, defined as the moles of solute per kilogram of solvent.