In a market-oriented economy, private firms will undertake most of the _____________________________, and ________________ should seek to avoid a long series of large budget deficits that might crowd out such investment.
A. economic growth activities; monetary policy
B. economic growth activities; fiscal policy
C. investment in human capital; monetary policy
D. investment in physical capital; fiscal policy
Answer:D
In a market-oriented economy, private firms will undertake most of the _____________________________, and ________________ should seek to avoid a long series of large budget deficits that might crowd out such investment.
A. economic growth activities; monetary policy B. economic growth activities; fiscal policy C. investment in human capital; monetary policy D. investment in physical capital; fiscal policy
Explanation: Type: Multiple Choice