The simple Keynesian model
a. overstated the effect of an increase in government spending by neglecting the necessary increase in the interest rate and consequent decline in investment that accompany an increase in government spending.
b. understated the effect of an increase in government spending by neglecting the necessary increase in the interest rate and consequent decline in investment that accompany an increase in government spending.
c. overstated the effect of an increase in government spending by neglecting the necessary decrease in the interest rate and consequent increase in investment that accompany a decrease in government spending.
d. understated the effect of an increase in government spending by neglecting the necessary decrease in the interest rate and consequent decrease in investment that accompany an increase in government spending.
Question 2
Advocates of the public-choice view argue that elected officials
a. will always respond to inflation with expansionary policies but will respond to unemployment with restrictive policies.
b. will actively respond to inflation with restrictive policies but are reluctant to respond to unemployment with expansionary policies.
c. will always respond to both inflation and unemployment with expansionary policies.
d. None of the above
How genes produce proteins that determine traits in a simple dominant-recessive relationship.
How to reduce simple ratios
Effect of Education on Wages
The Dose-Effect Relationship, Showing (A) Drug Potency and (B) Drug Efficacy (Or Effectiveness)
The first generation of model organisms in genetic analysis
Demographic transition model for changes in population growth rates and sizes, correlated with long-