Assume the economy is operating at a real GDP above full-employment real GDP. Keynesian economists would prescribe which of the following policies?
a. Nonintervention
b. Fixed rule
c. Contractionary
d. Expansionary
c
Economics
You might also like to view...
Refer to Figure 18-1. The excess burden of the tax is represented by the area
A) E + H. B) F + G. C) B + C + F + G. D) B + C.
Economics
A bond's price is sensitive to changes in
a. the interest rate. b. the accepted rate of return on investment. c. investor confidence in the stability and credit worthiness of the firm. d. All of the above are correct.
Economics