Keynes believed which of the following?
A. The government has a role to play in fighting unemployment, but not in fighting inflation.
B. The government has a role to play in fighting inflation and unemployment.
C. The government has a role to play in fighting inflation, but not in fighting unemployment.
D. The government does not have a role to play in fighting inflation or unemployment.
Answer: B
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An increase in the value of a currency relative to other currencies is called a(n):
A. overvaluation. B. appreciation. C. evaluation. D. devaluation.
If aggregate planned expenditures exceed real GDP, then
A) inventories increase above their planned levels and businesses decrease their production. B) inventories decrease below their planned levels and businesses decrease their production. C) there is no equilibrium level of real GDP. D) unplanned inventory changes equal zero. E) inventories decrease below their planned levels and businesses increase their production.
Jessica paid $6,200 for a bond with a face value of $6,000. She will be paid $350 annually as long as she holds on to the bond, until the bond's maturity date. The yield on the bond is
A. 5.6 percent. B. 5.8 percent. C. 15.6 percent. D. 2.0 percent.
An open market purchase, a decrease in the discount rate, and a decrease in the reserve requirement would shift the aggregate demand curve rightward
Indicate whether the statement is true or false