According to Keynesian economics, what impact would a balanced budget amendment to our constitution have on our national economy?

A balanced budget amendment would destabilize the economy. It would make the business cycle more pronounced exacerbating the problem of unemployment in particular. This is because as the economy contracts, the deficit will rise due to the presence of the automatic stabilizers. Attempts to reduce the deficit, by raising taxes and/or curbing government spending, will reduce total spending (aggregate demand) further, worsening the recession.

Economics

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The market for corporate control

a. was guaranteed by the first amendment. b. makes sure that bad management keeps their jobs c. makes hostile takeovers impossible d. provides a means to replace under performing management. e. all of the above.

Economics

When an employee at a grocery store scans the price of your items, bags the groceries, and collects your paper, the individual has provided

A. physical capital. B. land. C. entrepreneurship. D. a service.

Economics