"It matters how the government spends any extra dollars." The economist who said this most likely believes that

A) a dollar spent on one government project could raise Real GDP more than a dollar spent on some alternative government project.
B) the AS curve is upward-sloping.
C) the tax multiplier is larger than the government spending multiplier.
D) government should increase in both size and scope.
E) none of the above


A

Economics

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A. decrease in aggregate demand. B. period of high unemployment. C. period of low unemployment. D. period of inward shifting aggregate demand.

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The table above gives the demand schedule for snow peas. The demand curve for snow peas is a straight line and so the elasticity of demand is

A) 1 at all prices. B) the same at all prices but not 1. C) higher at higher prices. D) lower at higher prices.

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Factors which determine the price of corn would be studied in macroeconomics

a. True b. False Indicate whether the statement is true or false

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Competitive pricing is efficient because

A) the price that consumers pay reflects the opportunity cost to society of producing the good. B) firms make positive economic profits in long-run equilibrium. C) average revenue equals average cost. D) firms produce above the minimum efficient scale.

Economics