According to traditional Keynesian analysis, which has a greater impact on aggregate demand, changing taxes or changing government expenditures? Why?
An increase in government expenditures has a larger impact than a tax cut because a portion of the tax cut is saved.
Economics
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The small group of East Asian countries that experienced high rates of growth in the 1980s and 1990s are referred to as
A) industrial countries. B) newly industrializing countries. C) countries with low standards of living. D) education-deprived countries.
Economics
The required reserves of a bank are determined by multiplying the bank's checkable deposits by the required reserve ratio
a. True b. False Indicate whether the statement is true or false
Economics