Q3-4

.docx
School
Henry Ford College **We aren't endorsed by this school
Course
ACCOUNTING BBA133
Subject
Economics
Date
Nov 13, 2023
Pages
1
Uploaded by AdmiralStar897 on coursehero.com
3. John M. Keynes is best known for advocating a. a policy of annually balancing the budget. b. deficit spending during some recessions. c. the fixed-growth-rate monetary rule. 4. If government purchases of good and services increase by $10 billion when the MPC is .8 and the MPS is therefore .2, then a. real GDP will increase by $16 billion. b. real GDP will increase by $20 billion. c. real GDP will increase by $40 billion. d. real GDP will increase by $50 billion. 5. When automatic stabilizers kick in to partially counteract recessionary forces a. aggregate demand rises above its pre-recession level. b. the deficit falls below its pre-recession level. c. the government tends to have more of a deficit, which is intended to stimulate the economy.
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