If the government wanted to offset the effect of a fall in consumer confidence on AD, it might:
a. decrease government purchases.
b. decrease taxes
c. increase taxes.
d. do either a. or c.
b
Economics
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A closed economy is one that
A) has no government sector. B) neither borrows from nor lends to foreign countries. C) produces mainly agricultural goods. D) produces mainly manufactured goods.
Economics
Although monopoly has lower output than competition, the level of output is efficient
a. True b. False Indicate whether the statement is true or false
Economics
The "Cross of Gold" speech was:
A. against the gold standard and was given in 1896. B. in favor of the gold standard and was given in 2008. C. in favor of the gold standard and was given in 1896. D. against the gold standard and was given in 2008.
Economics
What is the difference between goods and services?
What will be an ideal response?
Economics