MACROWSNotes12.pdf - 45 Award 1.00 point Monetary stimulus...

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45. Award: 1.00 point 46. Award: 1.00 point Monetary stimulus is most helpful to an economy that is experiencing high inflation. that is in recession. experiencing significant negative externalities. with few public goods. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens. When a nation is in a debt crisis, the government's level of debt is so high that monetary policy is ineffective. the government is unable to find willing lenders so it can continue borrowing. it can only be solved with a fiscal stimulus of lower taxes and more government spending. other countries will be unwilling to buy goods and services from the nation. References Multiple Choice Difficulty: 02 Medium Learning Objective: 05-02 Discuss government failure and explain why it happens.
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47. Award: 1.00 point 48. Award: 1.00 point Economists (particularly public choice theorists) point out that the political process differs from the marketplace in that voters and congressional representatives often face
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