While Keynesians and supply-siders agree that stabilization policy can affect levels of unemployment and inflation, they disagree over
a. how much taxes should be cut
b. how much government spending should be increased
c. how monetary policy should be used
d. how consumers spend their tax reductions
e. whether aggregate demand or aggregate supply is the critical variable
E
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If the shopkeeper goes first and quotes a high price, what is the best response of the customer?
a. Accept the high price b. Yell at the store owner c. Walk away from the deal d. Swear off shopping forever
The marginal propensity to save (MPS) can be found using the equation: (1 - MPC)
Indicate whether the statement is true or false
The situation where women tend crops and raise children while men hunt is often found in a
a. mixed economy b. market economy c. command economy d. traditional economy
Identity the major sources of funding for health care and the relative percentages
What will be an ideal response?