Government spending programs that create jobs are often popular because
What will be an ideal response?
the created jobs are highly visible, while the secondary effects of lost jobs in other areas, higher interest rates, and higher future taxes are less visible.
Economics
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The fact that when the price of a good goes up, people buy less of it is known as the
A) law of supply. B) law of demand. C) concept of market equilibrium. D) need for inferior goods.
Economics
When the anticipated rate of inflation declines, the real rate of interest
A) increases. B) decreases. C) is not affected. D) increases exponentially.
Economics