Which of the following economic perspectives focuses on the need for government to use spending and taxes to shift aggregate demand and thus correct problems of unemployment and inflation?
A. Monetarists.
B. Supply-side.
C. Keynesian.
D. Classical.
Answer: C
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A. revalued B. overvalued C. devalued D. undervalued
Human capital consists of the skills and knowledge that workers possess
a. True b. False
If income rises in the market for an inferior good, will the demand curve for the inferior good shift to the right or to the left?
Suppose a country increases trade restrictions. This country would be pursing an
a. inward policy, which most economists believe has beneficial effects on the economy. b. inward policy, which most economists believe has adverse effects on the economy. c. outward policy, which most economists believe has beneficial effects on the economy. d. outward policy, which most economists believe has adverse effects on the economy.