Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to adjusting the discount rate to affect the money supply
What will be an ideal response?
Answer: An ideal response will:
1. Identify that Keynesian economic policy is a type of fiscal policy that is more concerned with high levels of unemployment than inflation.
2. Specify how increasing government spending and lowering tax rates encourages employment and investment. Note that when taxes are lowered, individuals and businesses will have more money to invest, which in turn increases the potential for new job creation and employment.
3. Note how this is different from using the discount rate to affect interest rates and the money supply because lowering interest rates reduces the cost of money and makes it more likely that banks will offer loans to businesses seeking to expand and thus increases the prospects for increased hiring and employment.
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For what reason did the status of Arabs shift from sojourner to permanent settler?
A. World War I eliminated the possibility of returning home for many Arab families. B. New York society rapidly began to accept Arab populations after World War I. C. Many families feared the financial impact of extended travel. D. Many Arab adults had started families with American citizens.
Which of the following is the only large city in Texas that uses the mayor-council form of municipal government?
a. Austin b. San Antonio c. Houston d. Dallas e. Lubbock
The executive branch was reorganized after the terrorist attacks of 2001 to create a new Department of ____________________
Fill in the blank(s) with correct word
How are parties organized and how has our party system adapted to change?
What will be an ideal response?