Which of the following best describes Keynes’ view of government?
a. Government should attempt to set wages and prices when necessary to ensure that overall level of aggregate demand is sufficient for an economy to reach full employment.
b. Government should manage large corporations and industries when necessary to ensure that overall level of aggregate demand is sufficient for an economy to reach full employment.
c. Government should attempt to set prices and wages throughout the economy or take over and manage large corporations or entire industries directly to ensure that overall level of aggregate demand is sufficient for an economy to reach full employment.
d. Government should not attempt to set prices and wages throughout the economy nor take over and manage large corporations or entire industries directly to ensure that overall level of aggregate demand is sufficient for an economy to reach full employment.
d. Government should not attempt to set prices and wages throughout the economy nor take over and manage large corporations or entire industries directly to ensure that overall level of aggregate demand is sufficient for an economy to reach full employment.
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What will be an ideal response?
In the market for Canadian dollars measured in US dollars, if the price of a Canadian dollar is 0.90 cents US, a US dollar is
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A) below; banks borrow reserves from each other B) below; banks borrow reserves from the Fed C) above; banks borrow reserves from each other D) above; banks borrow reserves from the Fed
Examples of incentive pay include
a. allowing employees a certain number of personal days b. royalties to textbook authors c. cleaning the worksite with weekly janitorial service d. offering a certain number of sick days