Question

pard> My courses 19/WI BEC-151-99 Part 1: Introduction to Economics and Macroecono uestion 9 Not complete P Flag question Points out of 3.00 Monetary and fiscal policies: Select one: a. can reduce the severity of economic busts. e b. have been proven to be ineffective and are no longer used during recessions. e c. only work during times of rapid inflation. d. are tools used during economic booms but not economic busts Check Previous page Type here to search SAMSUNG F2 F3 F4 F5 F6 F7 F8

Answer 1

9. A

Explanation: Both fiscal and monetary policies can be used to deal with the economic slowdown.

10. B

Explanation: The notion that thinking in the margin can lead to an optimized decision, is a revolution in economics study.

12. C

Explanation: Right alignment of self and social interest lead to best economic outcomes.

13. B

Explanation: Such an economy will experience more innovation and economic activities which will improve standard of living and output.