Keynesians advocate increasing the money supply during economic recessions but decreasing the money supply during economic expansions. True or Flase
A. True
B. False
True
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According to the Bureau of Labor Statistics, to be officially unemployed a person must
A. be in the labor force. B. be waiting to be called back from a layoff. C. have lost a job. D. be 21 years of age or older.
If price changes by one firm induce rival firms selling close substitutes to alter their prices,
A) firms will be able to raise their prices without fear of losing sales. B) the demand curve will shift in response to a change in price. C) the original firm faces an elastic demand curve. D) the original firm faces an inelastic demand curve. E) there is no competition between the rival firms.
How did the European single currency evolved?
What will be an ideal response?
A minimum wage increase _________ the number of unemployed people.
A. may decrease B. will decrease C. may increase D. will increase