Keynesian theory emphasizes
A) aggregate supply.
B) rational expectations.
C) short-run analysis.
D) Say's Law.
C
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When import quotas are imposed by a government
A) the domestic producers always lower the prices of their products to ensure that their products are sold. B) the government is trying to discourage consumers from buying foreign-made goods. C) the supply of the product on the domestic market increases. D) the price ceiling for the product has to be lowered.
The idea of horizontal equity in taxation implies that
a. equally situated individuals should be taxed equally. b. unequally situated individuals should be taxed unequally. c. benefits should be given first to those individuals who need them most. d. the greatest tax burden should be borne by the wealthiest individuals.
What is the nominal value of money?
A. what can be purchased with the money B. discounts taken by multiple purchases C. savings by shopping on specific days of the week D. its actual face value
Stock market price quotations are an example of money serving as a(n)
A. unit of accounting. B. store of value. C. medium of exchange. D. economic value.