Keynesians tend to believe that
A. laissez-faire policies stabilize market economies.
B. monetary restraint aggravates inflationary pressures.
C. massive government spending and tax cuts are cures for recession.
D. expansionary monetary policy revives an economy from recession.
C. massive government spending and tax cuts are cures for recession.
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Who determines the price and quantity traded in a market?
A. buyers and sellers B. buyers C. sellers D. prices and quantities traded are not generally determined in markets
If income is equally distributed, the Gini ratio is 1
Indicate whether the statement is true or false
According to the above table, the marginal factor cost of the seventh worker is
A) $24.00. B) $126.00. C) $42.00. D) $168.00.
In a fractional-reserve banking system, a bank
a. does not make loans. b. does not accept deposits. c. keeps only a fraction of its deposits in reserve. d. None of the above is correct.