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