The Keynesian theory focuses on aggregate supply, while the classical theory focused on aggregate demand
a. True
b. False
Indicate whether the statement is true or false
False
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The JOBS program was generously funded
Indicate whether the statement is true or false
Innovation is
a. the same thing as invention. b. the desired result of invention. c. the necessary precondition of invention. d. unrelated to invention.
Suppose the federal government passes laws that require banks to disclose the advantages of having their customers use automatic bill paying (an example of a RECAP policy). This would be an example of a:
A. shadow price. B. nudge. C. flawed assumption. D. push.
National income is a measure of
A. How well the economy is doing on a gross basis. B. The income earned by the factors of production in producing GDP. C. The country's future productive capacity. D. The income received by the factors of production plus depreciation.