The real balances effect says that an increase in the price… The real balances effect says that an increase in the price level Read Details
The size of the debt will begin to shrink if the federal gov… The size of the debt will begin to shrink if the federal government balances its budget. Read Details
A tax increase of $250 will exactly offset a $250 increase i… A tax increase of $250 will exactly offset a $250 increase in government purchases, leaving aggregate demand unaffected. Read Details
Ceteris paribus, tariffs and nontariff barriers on imported… Ceteris paribus, tariffs and nontariff barriers on imported factor inputs result in Read Details
If aggregate demand decreases and aggregate supply decreases… If aggregate demand decreases and aggregate supply decreases, the level of real output will Read Details
According to Keynes, unemployment results from According to Keynes, unemployment results from Read Details
Given the MPS = 0.40, with no government and no foreign trad… Given the MPS = 0.40, with no government and no foreign trade, a $10 billion increase in investment will eventually result in an increase in Read Details
