Which of the following is true with respect to Keynesian economic policy?
a. Keynesian economic policy relies on government taxes and adjustments to the money supply to control inflation and unemployment.
b. Keynesian economic policy relies on tax cuts and expenditure increases by government to control inflation and unemployment.
c. Keynesian economic policy uses the money supply to control inflation and unemployment.
d. Keynesian economic policy relies on the generosity of private charities to address the worst effects of economic downturns.
b
You might also like to view...
When an explicit or implicit threat is used to persuade another actor to make a concession, it is referred to as
a. diplomacy. b. coercion. c. negotiation. d. force.
A basic recommendation of "supply-side economics" is:
A. decrease the budget deficit to raise interest rates B. cut taxes to increase investment and employment C. government should focus its spending on the military rather than on income support D. an increase in supply will cause a decrease in demand
Which term below fits least well?
a. single participants b. small group differences c. small group of individuals d. single group of participants
The part of the Executive Office of the President that takes the lead in creating the president’s budget proposal is the ______.
a. White House Office b. Office of Management and Budget c. Council of Economic Advisers d. Office of Public Engagement e. Senate Budget Committee