The Keynesian framework indicates that government can play an important role in determining aggregate output by
A) changing the level of government spending or taxes.
B) raising consumer confidence.
C) raising investor confidence.
D) changing the money supply and interest rates.
A
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Consider the following events:
I. Samsung hires associates to market their HDTV sets to Best Buy. II. The Dallas Cowboys build a new football stadium. III. eBay fires 10 percent of its workforce. IV. Ten million stocks were traded on the New York Stock Exchange in one day. V. Pennsylvania builds a new state park. Which of the events describe use of factors of production? A) I, II, III, and V B) II, IV, and V C) I and III only D) IV only
Strategic trade policy
a. argues for protecting certain industries that benefit society but that may not thrive in a free trade environment b. advocates quotas on imports of high-tech products c. defends the use of tariffs to protect monopolistically competitive industries d. has been used to justification protection of infant industries e. explains why less developed countries export more raw materials than services
If total spending rises from one year to the next, then which of the following could not be true?
a. the economy is producing a smaller output of goods and services, and goods and services are selling at higher prices. b. the economy is producing a larger output of goods and services, and goods and services are selling at lower prices. c. the economy is producing a larger output of goods and services, and goods and services are selling at higher prices. d. the economy is producing a smaller output of goods and services, and goods and services are selling at lower prices.
Which of the following constituted the majority of federal outlays in 2011?
a. Social security and Medicare b. Defense c. Net interest paid on the national debt d. Welfare