Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? Compare this approach to using interest rates to affect the money supply
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 interest rates to affect 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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a. hot wars b. cold wars c. proxy wars d. quasi-wars
Which of the following was NOT a factor in the decline of Native American tribes in Texas?
A) Cholera B) Smallpox C) Military campaigns D) The 1900 Galveston Hurricane E) Forced removal to reservations in other states
"Brainstorming" is a technique designed to
a. improve the generation of alternatives in group decision making. b. encourage the development of groupthink. c. aid negotiation processes. d. reduce the effectiveness of group decision making.
The United States utilizes a winner-take-all electoral system wherein a candidate does the following, EXCEPT______.
A. is the sole representative of a single-member district B. wins the election for the district by receiving the most votes C. received a proportion of the legislative seats based on his party’s votes earned in the election D. does not face a run-off election