Multiple Choice
The most appropriate countercyclical policy, or stabilization policy, in times of unemployment, according to classical economists, is for the government to:
A) increase the minimum wage.
B) do nothing.
C) stimulate aggregate demand.
D) cut taxes.
Correct Answer:
Verified
Correct Answer:
Verified
Q100: The investment demand curve as a function
Q101: Exhibit 8-7 Consumption function<br><br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 8-7
Q102: Keynesians:<br>A) accept the countercyclical policy of doing
Q103: That part of disposable income not spent
Q104: Explain how changes in wealth, the price
Q106: Which of the following will shift the
Q107: Which one of the following will shift
Q108: If your disposable personal income increases from
Q109: Keynes once remarked that, in the long
Q110: A rightward shift of the investment demand