Most supply-side initiatives have the effect of reducing inequality
a. True
b. False
Indicate whether the statement is true or false
False
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"The level of employment in an economy determines its real GDP, other things held constant." Do you agree or disagree? Why? What assumptions are necessary for your conclusion based on the classical model?
What will be an ideal response?
To combat a recession, Keynesian fiscal policy recommends:
a. an increase in taxes. b. an increase in government spending. c. an increase in taxes and a decrease in government purchases to balance the budget. d. a reduction in both taxes and government spending.
During the financial crisis of 2007–2009, the interest rate spread on mortgage-backed securities over Treasury bills
A. increased tremendously. B. increased moderately. C. decreased moderately. D. decreased tremendously.
Fill in the table. Assume the fixed cost is $600.
