Based upon a Keynesian viewpoint, to stimulate the economy the government should do all of the following except
A. Make more money available.
B. Buy more output.
C. Employ more people.
D. Raise taxes.
Answer: D
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A move up, along the short-run Phillips curve represents a decrease in the unemployment rate.
Answer the following statement true (T) or false (F)
In the short run for a particular market, there are 300 firms. Each firm has a marginal cost of $30 when it produces 200 units of output. $30 is above every firm's average variable cost. One point on the market supply curve is
a. quantity = 300; price = $30. b. quantity = 600,000 . price = $90,000. c. quantity = 100,000 . price = $30. d. quantity = 60,000 . price = $30.
For a monopolistic competitor experiencing a? short-run loss, price is? ________ average total cost and? ________ marginal cost.
Fill in the blank(s) with the Appropriate word (s).
A decrease in government spending will cause a(n) ________.
A. decrease in aggregate demand B. increase in aggregate demand C. decrease in the quantity of real output demanded D. increase in the quantity of real output demanded