Multiple Choice
According to one In the News article,"Defense Cuts Kill Jobs," a decrease in government spending has contributed to the sluggish economy.This would imply that
A) The aggregate demand curve has shifted to the right.
B) The aggregate demand curve has shifted to the left.
C) Injections into the circular flow have increased.
D) The aggregate supply curve has shifted to the right.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Critics of Keynesian theory object to its
Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Refer to Figure
Q33: If the desired fiscal stimulus is $20
Q34: Assume the economy is at full employment
Q35: If the GDP gap is $400 billion
Q37: A marginal propensity to save (MPS)of 0.25
Q38: Keynesians would recommend<br>A)Higher taxes when there is
Q39: Suppose the government decides to increase taxes
Q40: If the economy has an inflationary GDP
Q41: When government spending increases,consumption also increases via