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Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model? A. An increase in government spending B. An increase in taxes C. A reduction in government spending D. No change in taxes or government spending
Weegy: B. An increase in taxes (More)
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Expert Answered
Updated 2/17/2013 3:39:53 PM
1 Answer/Comment
Suppose that consumer spending is expected to decrease in the near future. If output is at potential output, which of the following policies is most appropriate according to the AS/AD model? A. An increase in government spending.
Added 2/17/2013 3:39:53 PM
The balance of trade measures the A. difference between the value of imports and exports B. share of U.S. imports coming from various regions of the world C. share of U.S. exports going to various regions of the world D. exchange rate needed to make imports equal exports
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Updated 11/11/2015 2:20:58 PM
1 Answer/Comment
The balance of trade measures the difference between the value of imports and exports.
Added 11/11/2015 2:20:54 PM
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