Which of the following would advocate increasing government spending on welfare programs during a recession?
a) Supply-side economists.
b) Classical economists.
c) Monetarists.
d) Keynesians.
Answer: d) Keynesians.
You might also like to view...
Which did not cause significant navigation problems on inland waterways?
a. ice b. variations in the heights of rivers c. sand bars d. sunken ships e. inland piracy
When a good is nonrivalrous in consumption, then: a. consumption by an additional individual will significantly reduce the benefits derived by others from a public good. b. individuals who refuse to pay for a public good cannot be excluded from benefiting from it
c. consumption by an additional individual does not prevent others from benefiting from a public good. d. individuals who refuse to pay for a public good can be excluded from benefiting from it.
In the long run, the movement of firms into and out of a perfectly competitive market will influence price by
a. shifting the market demand curve b. shifting the market supply curve c. making the market supply curve less elastic d. making the market demand curve less elastic e. shifting the supply curve for each firm in the market
Excise taxes are a form of sales tax.
Answer the following statement true (T) or false (F)