The Employment Act of 1946
a. implies that the government should avoid being a cause of economic fluctuations.
b. implies that the government should respond to changes in the private economy to stabilize aggregate demand.
c. reflected the ideas promoted in Keynes's influential book, The General Theory of Employment, Interest, and Money.
d. All of the above are correct
d
You might also like to view...
John derives more utility from having $1,000 than from having $100. From this, we can conclude that John
A) is risk averse. B) is risk loving. C) is risk neutral. D) has a positive marginal utility of wealth.
If the government decides to change the level of government spending, what happens to the value of the multiplier?
a. It becomes larger. b. It becomes smaller. c. It does not change. d. It is impossible to predict.
If it is assumed that people vote for the candidate who comes closer to matching their own views, to win votes in a two-person race
A) one candidate will move to the far right of the political spectrum while the other moves to the far left. B) one candidate will move between the middle and far right end of the political spectrum while the other moves between the middle and the far left end. C) both candidates will move to the far right end of the political spectrum. D) both candidates will move to the far left end of the political spectrum. E) both candidates will move toward the middle of the political spectrum.
Explain in detail how a decrease in consumer demand for a product will result in less of the product being produced and in fewer resources being allocated to its production
Please provide the best answer for the statement.