In an economy at full employment, a presidential candidate proposes cutting the government debt in half in four years by increasing income tax rates and reducing government expenditures. According to Keynesian theory, implementation of these policies is most likely to increase
A) unemployment
B) consumer prices
C) aggregate demand
D) aggregate supply
E) the rate of economic growth
Ans: A) unemployment
Economics
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What complex set of free-trade area regulations prohibits non member country imports to a high-tariff member country via a low-tariff member country?
a. environmental certification b. rules of origin c. health and safety standards d. a codified trade agreement
Economics
In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is
A) $50,000. B) $91,000. C) $96,000. D) $100,000.
Economics