Multiple Choice
Which of the following is least likely to affect the level of government spending in an economy?
A) Social and cultural standards.
B) People's expectations.
C) Political philosophy of the government.
D) Age of consumer durables.
E) The amount of time left in a government's mandate.
Correct Answer:
Verified
Correct Answer:
Verified
Q167: What is real wage?<br>A)It is equal to
Q168: The following are aggregate demand and supply
Q169: Distinguish the difference between a Keynesian AS
Q170: Which of the following will likely happen
Q171: Which of the following will cause an
Q173: What are the three reasons for the
Q174: "A change in aggregate supply implies a
Q175: What does the term Potential GDP mean?
Q176: What does macroeconomic equilibrium imply?<br>A)The point where
Q177: Which of the following is true regarding