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10 Nov 2019
21. Which of the following does NOT cause a shift in the Demand Curve for a good or service? a. b. c. d. e. A change in the price of that good A change in income A change in tastes A change in taxes A change in the weather 22. A movement along a Supply Curve is caused only by: a. A change in technology b. A change in taste:s c. A change in the price of that good d. A change in taxes e. A change in the weather 23. Which of the following does NOT cause a shift in the Supply Curve for a good or service? a. b. c. d. e. A change in income A change in the price of that good A change in technology A change in taxes A change in the weather 24. John Maynard Keynes was a British economist who advocated: a. b. c. d. e. The use of defense spending to mitigate fluctuations in the economy The expansion or contraction of the supply of money to offset fluctuations in the economy Increasing productive government expenditure and reducing taxes to counter a recession Spending on public works in good times to take advantage of increased tax revenues Allowing the market to adjust to fluctuations in the economy 25. Milton Friedman was an American economist who advocated: a. b. c. d. e. The expansion (or contraction) of the supply of money to offset recessions or gverexpansions Manipulation of the interest rate set by the Federal Reserve to offset economic fluctuations Raising or lowering taxes to offset fluctuations in the level of economic activity Allowing the market to adjust to fluctuations in the economy Controlling government expenditure and adhering to a balanced budget
21. Which of the following does NOT cause a shift in the Demand Curve for a good or service? a. b. c. d. e. A change in the price of that good A change in income A change in tastes A change in taxes A change in the weather 22. A movement along a Supply Curve is caused only by: a. A change in technology b. A change in taste:s c. A change in the price of that good d. A change in taxes e. A change in the weather 23. Which of the following does NOT cause a shift in the Supply Curve for a good or service? a. b. c. d. e. A change in income A change in the price of that good A change in technology A change in taxes A change in the weather 24. John Maynard Keynes was a British economist who advocated: a. b. c. d. e. The use of defense spending to mitigate fluctuations in the economy The expansion or contraction of the supply of money to offset fluctuations in the economy Increasing productive government expenditure and reducing taxes to counter a recession Spending on public works in good times to take advantage of increased tax revenues Allowing the market to adjust to fluctuations in the economy 25. Milton Friedman was an American economist who advocated: a. b. c. d. e. The expansion (or contraction) of the supply of money to offset recessions or gverexpansions Manipulation of the interest rate set by the Federal Reserve to offset economic fluctuations Raising or lowering taxes to offset fluctuations in the level of economic activity Allowing the market to adjust to fluctuations in the economy Controlling government expenditure and adhering to a balanced budget
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