In 2009, President Obama and Congress stimulated aggregate demand by
a. increasing taxes and government spending.
b. decreasing taxes and government spending.
c. increasing taxes and decreasing government spending.
d. decreasing taxes and increasing government spending.
d
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Government transfer payments like social security and unemployment benefits are
A) included in government purchases. B) not included in government purchases. C) not included in government purchases, but they are included in the consumption component of GNP. D) not included in government purchases, but they are part of the investment component of GNP. E) included in government purchases but not in the GNP.
If the deficit is financed by selling bonds to the ________, the money supply will ________, causing aggregate demand to ________
A) public; rise; increase B) public; fall; decrease C) central bank; rise; increase D) central bank; fall; decrease
In-kind transfer payments are _____
a. efficient b. popular with recipients c. paternalistic d. a and b
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.