Keynesian economists generally agree that unemployment is more costly than inflation

Government policies designed to change the distribution of income to one that is more equal involve taking from the rich and giving to the poor

a. True b. False Indicate whether the statement is true or false

If the United States imposes tariffs on steel imports the:

A. demand for steel shifts to the left and raises its market price. B. supply of the imported steel shifts to the left and raises its market price. C. demand for steel shifts to the left and lowers its market price. D. supply of steel shifts to the right and lowers its market price.