To bring the economy out of an inflationary period, Keynes argued that the government should
A. decrease taxes and/or increase government spending.
B. increase taxes and/or decrease government spending.
C. cut both taxes and government spending.
D. increase both taxes and government spending.
Answer: B
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Profit is maximized at the output at which marginal revenue exceeds marginal cost by the greatest margin.
Answer the following statement true (T) or false (F)
In the short run, an increase in the growth rate of the quantity of money ________ the nominal interest rate and in the long run it ________ the nominal interest rate
A) lowers; lowers B) raises; lowers C) lowers; raises D) raises; raises E) does not change; raises
Social security provides payments
A) for food so that the poor can obtain a basic diet. B) to aid married families with dependents. C) to unemployed able-bodied workers. D) to retired and disabled workers.
One thing that both critics of advertising and defenders of advertising agree on is that advertising fosters competition
a. True b. False Indicate whether the statement is true or false