According to new classical economists, the most appropriate policy during a recession would be for the government to
a. increase the minimum wage.
b. impose wage and price controls.
c. cut taxes and increase the budget deficit.
d. do nothing.
D
Economics
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The labor force participation rate
A) increases as the real wage increases. B) decreases as the real wage increases. C) has nothing to do with the real wage rate. D) increases as the opportunity cost of working increases. E) is one of the major reasons that firms pay efficiency wages.
Economics
What is the difference between an invention and an innovation?
What will be an ideal response?
Economics