Which of the following would be most likely to maintain that spending increases and larger budget deficits would help promote recovery from the recession of 2008-2009?
a. supply-side economists
b. new classical economists
c. Keynesian economists
d. proponents of the crowding-out theory
C
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If the price elasticity of demand is between -1 and - , then demand is inelastic
a. True b. False Indicate whether the statement is true or false
Which of the following terms refers to provisions in a law or a contract whereby monetary payments are automatically adjusted whenever a specified price index changes?
A. Contango B. Swap C. Averaging D. Indexing
When countries trade with each other, does it result in a gain for everybody?
A. No. Producers of a good that is imported would be hurt. B. No. Consumers of a good that is imported would be hurt. C. No. Producers of a good that is exported would be hurt. D. Yes. All producers and consumers from both exporting and importing countries will gain.
Other things being equal, an increase in consumption spending implies
A. a higher standard of living in the future. B. a decline in government spending. C. that economic growth will soon increase. D. a decline in saving.