Question
During a severe recession, businesses are reluctant to
invest, and consumer spending has declined significantly. Unemployment rates are high, and there is a general lack of confidence in the economy. According to Keynesian economics, what would be the most appropriate government response in this situation?Solution
Keynesian economics suggests that during a recession, the government should increase spending and decrease taxes to stimulate aggregate demand, boost economic activity, and reduce unemployment.
Albert Bourla, chairman and chief executive of global pharmaceutical giant _________, was awarded the prestigious Genesis Prize for his efforts in leadi...
What does a slow decline in barometric pressure typically indicate?
Which is used as red pigment in making batteries, lead glass and rust proof primer paints?
What is the SI unit of weight?
Which instrument is commonly used to measure the depth of water bodies?
What is the SI unit of temperature?
What was the original name given to the planet Uranus?Â
Days and nights are equal at _______
Which canal links the Atlantic and Pacific Oceans?
Number of bones in adult human body are?
