Which of the following solutions to recessions came from the short-run macro model?
a. A non-interventionist wait and see solution
b. Increasing taxes
c. Decreasing the federal deficit to jump-start the economy
d. Increasing government spending to jump-start the economy
e. None of the above
D
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A rise in the money wage rate shifts the
A) AD curve rightward. B) AD curve leftward. C) AS curve rightward. D) AS curve leftward. E) potential GDP curve rightward.
The most volatile component of total investment spending is ________
A) construction spending by firms B) spending by firms on equipment C) residential construction by households D) inventory investment
The legal reserve requirement is the
a. actual amount of reserves that banks must hold b. excess amount of reserves that a bank must hold c. minimum amount of reserves the Fed requires a bank to hold d. total amount of reserves that banks hold at all times e. maximum amount of reserves that banks can hold to remain liquid
The monopolist's marginal revenue curve is represented graphically by a negatively sloped line.
Answer the following statement true (T) or false (F)