Keynes argued that policy levers were both effective and necessary.
Answer the following statement true (T) or false (F)
True
Keynesian theory holds that policy levers such as taxes can be used to maintain output close to full employment.
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In the table above, the deadweight loss is zero when ________ umbrellas are produced and sold
A) 20 B) 40 C) 60 D) 80
Liberals tend to favor increasing taxes as the method of counteracting inflation.
Answer the following statement true (T) or false (F)
(Last Word) In their effort to provide disaster relief after Hurricane Katrina, the Federal Emergency Management Agency (FEMA) made payouts on as many as 900,000 claims with invalid Social Security numbers or false names and addresses. This example
illustrates: A. the benefits-received principle. B. logrolling. C. bureaucratic inefficiency. D. the problem of limited and bundled choices.
Even if a market outcome is efficient, it may not be equitable.
Answer the following statement true (T) or false (F)