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
Space-filling model of an actin filament (shades of red) with one myosin head (gray and two shades o
Doppler Effect, Observer Moving
Two models of sensory system organization: The former model was hierarchical, functionally ...
Increase in Obesity among U.S. Children and Adolescents
Cocaine’s Effect on the Brain
The effect of frameshift mutations on a DNA sequence repeating the triplet sequence GAG