According to Keynes, if government earns £1 as tax revenue and spends it as public expenditure what will be the net effect on national income?

What is "crowding out"?

GDP stands for

The aggregate demand and aggregate supply model explains the relationship of

Which is not a reason why the aggregate demand curve is downward sloping?

If we look at the behavior of the U.S. CPI over the last four decades we realize that inflation

Aggregate demand is more likely to _________________ than aggregate supply in the short run.

A rise in the money wage rate with no change in potential gdp creates ______.

The most significant difference between a partnership and a sole proprietor is the ________.

A recession tends to make a _____________________.

One reason the ad curve is downward sloping is the __________ effect.