Suppose the government wants to maintain a balanced budget. To achieve this goal, when the economy falls into recession government would need to ________ taxes, which would cause aggregate demand to ________
A) increase; decrease B) decrease; increase C) decrease; decrease D) increase; increase
A
Economics
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Comparing various exchange systems, which system offers a nation the least control over monetary policy?
A) flexible exchange rates and a closed economy B) a closed economy C) an open nonpeg D) an open peg
Economics
A movement upward along an upward sloping Engel curve corresponds to
A) upward sloping indifference curves. B) crossing indifference curves. C) a rotation in the budget constraint. D) a parallel shift in the budget constraint.
Economics