What are the three goals of the Employment Act of 1946?
A. full employment, better schools, and lower income taxes
B. keep the peace, improve public education, and protect the environment
C. full employment, price stability, and economic growth
D. improve the education system, provide more job training, and expand the number of government jobs
Answer: C
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Refer to the table above. Laborland's net payment to foreigners equals ________
A) -$23 billion B) $20 billion C) -$61 billion D) $23 billion
At a given demand, if the supply of a commodity declines, the equilibrium price level falls
Indicate whether the statement is true or false
If an increase in the price of one good causes buyers to demand more of another good, then the two goods are:
A. normal goods. B. inferior goods. C. substitutes. D. complements.
Keynesian belief that the aggregate supply curve is relatively flat in the short run means that they expect their policies to cause
A. small increases in output and much inflation. B. small increases in output and little inflation. C. large increases in output and little inflation. D. large increases in output and much inflation.