Keynes believed that the best method for tackling recessions was to reduce government spending and raise taxes, thereby reducing the federal budget deficit
a. True
b. False
Indicate whether the statement is true or false
False
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In a certain economy, the components of aggregate spending are given by:C = 60 + 0.6(Y - T) - 1,000rI = 200 - 1,000rG = 200NX = 50T = 100Given the information about the economy above, what would be the impact on short-run equilibrium output of a one-percentage-point increase in the real interest rate from 4 percent to 5 percent?
A. Short-run equilibrium output would decrease by 2,000 units. B. Short-run equilibrium output would decrease by 20 units. C. Short-run equilibrium output would increase by 55 units. D. Short-run equilibrium output would decrease by 50 units.
Kristen has an income of $450 per year to spend on music CDs and movies on DVDs. The price of a CD is $15 and the price of a DVD is $22.50. The indifference curves in the figure above (I1, I2, and I3 ) reflect Kristen's preferences
What is Kristen's best affordable combination of DVDs and CDs? A) 10 DVDs and 15 CDs per year B) 15 DVDs and 12 CDs per year C) 12.5 DVDs and 12 CDs per year D) 5 DVDs and 18 CDs per year
Identify the correct statement about relationships depicted in an organization chart
a. A line that links an individual/division with the same at a lower level depicts informal authority of the former over the latter. b. Equality on the chart for individuals A and B must mean they both have the same authority in practice. c. It shows all relations between employees of an organization. d. A line that links an individual/division with the same at a lower level depicts formal authority of the former over the latter.
According to the textbook, some people refer to the period from ___________________ as the First Era of globalization
A) the late 1700s to the late 1800s B) the mid-1900s to the late 1980s C) the late 1600s to the mid-1800s D) the mid-1800s to the late 1920s