Which of the following policies would Keynes's followers support when an increase in business optimism shifts the aggregate demand curve away from long-run equilibrium?

a. increase taxes
b. increase government expenditures
c. increase the money supply
d. All of the above are correct.

a

Economics

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Consider two lottery winners, Tino who is 65 years old and Sasha who is 32 years old. Which of these two would be expected to have the larger income effect, all else equal?

A) Sasha B) Tino C) Both would have no income effect. D) Both would have equal income effects.

Economics

Economic profit equals

A) NOPAT less capital charges. B) NOPAT plus capital charges. C) NOPAT plus interest payments on bonds. D) NOPAT minus accounting profit.

Economics