Author Question: If Congress authorized the President to lower tax rates or to initiate spending projects when ... (Read 31 times)

genevieve1028 · **on:** Jun 29, 2018

If Congress authorized the President to lower tax rates or to initiate spending projects when aggregate demand was inadequate, which consequence could be predicted most confidently?

A) Aggregate spending would be more stable over time.
B) Recessions would be less severe.
C) Recessions would occur less frequently.
D) The political power of the President would increase.
E) We would experience a lower rate of inflation.

Question 2

The slope of a straight line increases as the numbers on the x-axis become larger.

Indicate whether the statement is true or false