The modern Keynesian approach to cure a recession might include
A. Expanding the money supply or reducing government spending.
B. Contracting the money supply or reducing government spending.
C. Contracting the money supply or increasing government spending.
D. Expanding the money supply or increasing government spending.
Answer: D
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When it became known in 1997 that the Thai government had insufficient foreign exchange reserves to maintain the exchange rate, how did currency speculators respond? What policy did the IMF suggest?
What will be an ideal response?
Four points on a demand schedule are given: $12, 2 units; $10, 1 unit; $15, 1.5 units; and $2, 4 units. Which combination is inconsistent with the law of demand?
A) $12 and 2 units B) $10 and 1 unit C) $15 and 1.5 units D) $2 and 4 units
Regulation imposed by such organizations as the Food and Drug Administration or the Environmental Protection Agency seeking to protect the welfare of people in our nation is referred to as
A) moral regulation. B) natural regulation. C) rate-of-return regulation. D) social regulation.
Most income differences across households are due to differences in worker productivity
Indicate whether the statement is true or false