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6. Nearly all economists agree that fiscal policy keep the economy A. can; on the production possibility curve. B. can; at the natural rate of
6. Nearly all economists agree that fiscal policy keep the economy A. can; on the production possibility curve. B. can; at the natural rate of unemployment. C. cannot; above the natural rate of unemployment. D. cannot; below the natural rate of unemployment. 7. If the short-run Phillips curve has shifted upward, the ____ curve has shifted to the A. AD, left B. AD; right C. SRAS; right D. SRAS; left8. Since 2005 Latvia has government spending and had a sharp _____ in economic growth. A. cut; decrease B. increased; increase C. cut; increase D. increased; decrease 9. Prior to 1854, the United States was: A. plagued by recurrent recessions dueto poor government policy. B. dominated by the manufacturing sector and was subject to price inflexibility. C. plagued by recurrent inflations due to poor central bank policy. D. dominated by the agricultural sector and was subject to price flexibility
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