If the economy is experiencing unemployment, then the most appropriate government policy would be to:
A. shift the aggregate demand curve by using a tax increase coupled with spending cuts.
B. shift the aggregate supply curve by using a tax increase coupled with more spending.
C. shift the aggregate supply curve by using a tax cut coupled with spending cuts.
D. shift the aggregate demand curve by using a tax cut coupled with more spending.
Answer: D
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Banks earn a profit by offering loans at higher interest rates than they pay savers
a. True b. False Indicate whether the statement is true or false
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to fall. b. Demand for real goods and services to remain the same and M2 money supply to rise. c. Demand for real goods and services to rise and M2 money multiplier to remain the same. d. Demand for real goods and services to remain the same and M2 money supply to fall.
"An extra dollar of income gives more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy?
a. utilitarianism b. liberalism c. libertarianism d. republicanism
How does the elasticity of demand influence the incidence of a tax, the tax revenue, and the deadweight loss?
What will be an ideal response?