According to Keynes, the adoption of an expansionary fiscal policy will cause:
a. both equilibrium price level and equilibrium output to rise
b. equilibrium price level to rise and equilibrium output to fall.
c. equilibrium price level to fall and equilibrium output to rise.
d. both equilibrium price level and equilibrium output to fall.
e. equilibrium price level to remain the same and equilibrium output to fall.
a
You might also like to view...
A shift in supply means a change in the quantity supplied at _______ price(s).
a. low b. high c. no d. every
Refer to the information provided in Table 14.4 below to answer the question that follows. Table 14.4B's Strategy ?Raise PriceDon't Raise Price?RaiseA's profit $6,000A's profit $20,000?PriceB's profit $6,000B's profit $30,000A's Strategy????Don'tA's profit $30,000A's profit $10,000?RaiseB's profit $20,000B's profit $10,000Refer to Table 14.4. The Nash equilibrium in the game is
A. (Raise Price, Don't Raise Price). B. (Don't Raise Price, Raise Price). C. (Don't Raise Price, Don't Raise Price). D. Both A and B are correct.
To get to its inflation adjusted all-time high, the minimum wage in 2016 would have to be at least
A. $14.00. B. $20.00. C. $11.00. D. $5.50.
Refer to Figure 3.1. If Marge and Homer both confess to the crime, what is Marge's payout?
A) 1 year B) 2 years C) 7 years D) 15 years