How does the federal government try to use its fiscal and monetary policies to influence the
economy at the national level?
(1 point)
by keeping imports, exports, and surpluses low
by keeping inflation, prices high, and unemployment high
by maintaining control over labor, management, and money
by maintaining employment, price stability, and economic growth

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.