One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
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The slope of the demand curve conveys all the useful information about elasticity.
Answer the following statement true (T) or false (F)
Which of the following would cause the investment demand curve to shift?
a. Animal spirits (expectations). b. Technological change. c. Change in business taxes. d. All of these.
The market demand curve is derived by summing individual demand curves horizontally
a. True b. False Indicate whether the statement is true or false
A profit-maximizing, monopolistically competitive firm always operates: a. at the minimum of average total cost
b. at the point where demand is unit elastic. c. with excess capacity. d. at an economically efficient scale.