According to Keynes, which of the following can be used to slow down an overheated economy?

In Figure 8.1, an increase in government spending, ceteris paribus, is best represented as a movement from point

Controversies between Keynesian, monetarist, and supply-side theories focus on the

Which combination of shifts of aggregate demand and supply would definitely cause an increase in real GDP?

According to supply-side theory, which of the following would shift the aggregate supply curve leftward?

The opportunity cost of the debt is the change in the mix of output that occurs when public sector spending crowds out private sector spending.

Favorable expectations about future sales will cause higher investment, ceteris paribus.

To eliminate an AD shortfall of $100 billion when the economy has an MPC of 0.50, the government should increase spending by

Which of the following is an argument against balancing the federal budget?

A growth recession is said to occur when the economy grows at a