Keynes believed that the best method for boosting an economy during a recession was to:
a. increase money supply so that individuals would have more incentive to spend
b. cut government spending and increase taxes to reduce or even eliminate fiscal deficit.
c. increase government spending and cut taxes so that consumers could spend more.
d. cut both government spending and taxes to reduce government expenditure in the economy.
e. increase both government spending and taxes to increase the role of government in the economy.
c
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George purchased a $10,000 bond that pays a nominal interest rate of 8 percent per year. George's marginal income tax rate is 28 percent. Over the last year, inflation was 3 percent
Find George's before-tax real interest rate and his after-tax real interest rate.
At a competitive market equilibrium, if there are no taxes, subsidies, price regulations, quantity regulations, or externalities, i. consumer surplus is minimized. ii. marginal cost equals marginal benefit. iii. resources are efficiently used
iv. producer surplus is minimized. A) ii and iii B) i and ii C) i and iv D) i, ii, iii, and iv E) ii only
How can increases in a country's total income improve health?
What will be an ideal response?
If ABC Printing is producing an output level of 100, where MR is $5 and MC is $3, then the firm is:
a. maximizing total profit. b. making too much profit. c. making $200 total profit. d. making $200 total loss. e. making an unknown amount of profit or loss.