Which of the following statements is true?
A. Keynesians believe that consumers are inherently unstable in consumption decisions, but that businesses are relatively stable in making investment decisions.
B. Monetarists believe in discretionary monetary policy.
C. Lowering tax rates is the main priority of supply side economists.
D. Supply-side economists believe in a heavily regulated economy.
C. Lowering tax rates is the main priority of supply side economists.
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A corporation ________ taxes on its profits and its stockholders ________ taxes on any dividends made to them by the company
A) pays; pay B) pays; do not pay C) does not pay; pay D) does not pay; do not pay
If the long-run supply curve in a perfectly competitive industry is upward sloping, this is because
A) firms are different. B) firms are identical. C) input prices rise as the industry expands. D) Either A or C.