The Laffer curve belongs to which of the following schools of economic thought?
a. Keynesian
b. Supply-side
c. Classical
d. Demand management
b
You might also like to view...
The net effect of a stronger dollar on real GDP is
A) an increase in the price level. B) dependent on whether the increase in aggregate supply is more or less than the decrease in aggregate demand. C) a decrease in real GDP. D) an increase in real GDP.
Which of the following transactions would be included in Germany's current account?
A) A German citizen purchases a new Volkswagen made in Germany. B) An American citizen purchases a new Volkswagen made in Germany. C) A German citizen purchases 100 shares of Texas Instruments stock. D) An American citizen purchases 100 shares of BMW stock.
Which policy measure makes it unlawful for a registered public accounting firm to provide any nonaudit service to a client contemporaneously with an impermissible audit?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
When the U.S. price level decreases relative to the rest of the world:
A. exports and net exports will increase. B. imports and net exports will increase. C. exports will increase and net exports will decrease. D. exports will decrease and net exports will increase.