According to the Keynesian model, an economy will have persistent, high unemployment if:
a. the government runs a budget deficit.
b. markets operate freely.
c. its total spending is too low.
d. firms make too many investments.
c
Economics
You might also like to view...
The above figure depicts the market for video games. If the government imposed a $3 per game tax on sellers, what would be the new equilibrium price paid by consumers after the tax?
A) less than $27 per game B) $27 per game C) more than $27 per game. D) More information is needed to determine if the price is more than, less than, or equal to $27 per game.
Economics
Intergovernmental revenue is an insignificant source of state and local revenue
a. True b. False
Economics