Keynesian analysis stresses that a tax cut that increases the government's budget deficit (or reduces its budget surplus)
a. is appropriate during a period of inflation.
b. will increase the money supply.
c. will stimulate aggregate supply and, thereby, promote employment.
d. will stimulate aggregate demand and, thereby, promote employment.
D
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The classical theory was developed in the late 18th and early 19th centuries
A) and cannot be explained using the modern tool of the productivity function. B) and therefore is not accepted today. C) and still applies to the most developed nations today, though not to the less developed nations. D) and has proponents today who fear population growth and overpopulation. E) during a time of population decline.
Why is economic growth so slow or non-existent in many third world countries? What policies would you propose to improve the situation?
What will be an ideal response?
Which of the following is a disadvantage of the U-form structure?
a. In case of multiple products sold in different markets, a U-form structure is difficult to maintain. b. A U-form structure requires a larger staff to evaluate top-level decision making than other organization structures. c. A U-form structure necessitates a multiple-level decision-making process. d. The amount of information that is considered for decision-making in a U-form structure is less than other structures.
In a certain country, it takes five of its 10workers to produce one barrel of wine butonly one worker to produce 1 yard ofcloth. If we graphed this country's PPF(placing wine on the vertical axis andcloth on the horizontal axis), the slope ofthe PPF would equal –1/5.
Answer the following statement(s) true (T) or false (F)