For each of the following statements, do you agree or not, and explain

your answer

a. During a period of budget surplus (when G

b. A tax cut will increase equilibrium Gross Domestic Product if the budget is in deficit but will lower the equilibrium Gross Domestic Product if the budget is in surplus

c. Inflation due to an increase in production costs is better than inflation due to an increase in demand aggregates.

d. General equilibrium in the goods market and money market occurs if MD = MS