If an economy were experiencing a high rate of unemployment as the result of insufficient aggregate demand, a Keynesian economist would favor:
A. an increase in taxes coupled with a reduction in government expenditures of equal size.
B. an increase in taxes.
C. a reduction in taxes, without any offsetting reduction in government expenditures.
D. maintenance of a balanced budget.
Answer: C
Economics
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The cost of a bachelor's degree in philosophy equals the tuition plus the cost of room and board.
Answer the following statement true (T) or false (F)
Economics
In 1990, there were 50 bilateral agreements and regional trade agreements between countries. Today there are
A. 30 of these agreements. B. more than 230 of these agreements. C. more than 10,000 of these agreements. D. none of these agreements remaining.
Economics