According to the Keynesian view, which of the following would most likely stimulate real output if an economy were in a recession?
What will be an ideal response?
a decrease in tax rates
Economics
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In the above figure, which movement illustrates the impact of a falling price level and a constant money wage rate?
A) E to I B) E to F C) E to J D) E to H
Economics
If bus travel is an inferior good, then its income elasticity of demand will be
a. strictly greater than one. b. positive. c. equal to zero. d. negative.
Economics
Economists use the term ______ to refer to the ability to produce a good at a lower opportunity cost than another producer
Fill in the blank(s) with correct word
Economics
If a 10 percent decrease in the price of a good leads to a 20 percent increase in the quantity demanded, then what is the price elasticity of demand?
A. 10 B. 2 C. 0.5 D. 20
Economics