According to Keynesian economic theory, the government should spend money to pay down the national debt.
a. during an economic depression.
b. in order to balance the budget.
c. only if it is willing to raise taxes.
d. on the military instead of on domestic issues.
You might also like to view...
Sheena gets her paycheck on the first day of every month and spends it over the month to purchase various goods and services. What are the functions that money is performing in this case?
What will be an ideal response?
A tax is imposed on employers and workers that are used to fund Social Security and Medicare. This tax is sometimes referred to as
A) the ACIF. B) the Income Security Tax. C) the federal income tax. D) the payroll tax.
____________ occurs when a person is so heavily involved in one domain (work or family) and may not be psychologically or physically available for the other
a. Involvement balance b. Spillover c. Dominance d. Assimilation
An economist is told that concentration in the cement industry has increased. He can safely conclude that
a. cement production must have fallen in the industry. b. competition in the cement industry has decreased. c. there are fewer cement producers than before. d. All of the above are correct.