Question

Which of the following theories states that tax cuts can raise supply, thus stimulating the economy?
A. multiplier effect
B. atomic stabilization
C. supply-side economics
D. demand-side economics

Answer 1

Money borrowed to pay the national deficit later becomes
A. budget deficit.
B. hyperinflation.
C. treasury bonds.
D. the national debt.

Answer 2

Economists Adam Smith and Thomas Malthus wrote that all players in the market are motivated by __________, yet regulated by _________.
A. need/want
B. income/jobs
C. supply/demand
D. self-interest/competition

Answer 3

Which economic player did John Maynard Keynes feel was capable of restarting the economy during the Great Depression?
A. producers
B. consumers
C. businesses
D. the government

Answer 4

Which economic player did John Maynard Keynes feel was capable of restarting the economy during the Great Depression?
A. producers
B. consumers
C. businesses
D. the government