Monetarism and keynesian economics both argue fiscal policy is the most effective policy tool available to the government. believe business confidence is the main source of business cycle fluctuations. acknowledge the importance of the short-run to explain economic fluctuations and to prescribe effective economic policy. believe policy makers should follow a strict set of rules.

During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c