When a few rival groups spend money in competition for a license that grants them a monopoly for the provision of cable TV for an area, economists label this activity

According to the Keynesian view of macroeconomics, what should be the role of the government as far as economic policy?

Select one: a. The government should keep the growth rate of the money supply stable. b. The government should maintain a fixed interest rate. c. The government should try to raise the AS curve. d. The government should try to stabilize the AD curve.

When government spending is completely crowded out, the economy must have

A) perfect capital mobility. B) floating exchange rates. C) both A and B. D) broken the rules. Government spending cannot be completely crowded out.