The economist George Gilder argued that:A.lower taxes would result in greater economic growth.B.corporations are dangerous and must be regulated.C.workers should take control over the means of production.D.governments should play a more active role in the economy.

Which action would the government most likely take in order to increase economic growth?A.Tax harmful products like cigarettesB.Raise taxes on middle-class incomesC.Stop paying out Social Security benefitsD.Increase spending on a job training program

________________ will NOT increase aggregate demand, leading to a higher output, higher employment, and a higher price level.a.increasing government spendingb.decreasing taxesc. increasing government transfersd. decreasing government transfersClear my choice

“The government should reduce income taxes” – this statement is an example of positive economics.Question 28Select one:TrueFalse

Lower taxes create a multiplier effect in the economy. It leads to:Group of answer choicesincreases in aggregate demand.subsidies.decreases in prices.technological advances.

John Maynard Keynes and Adam Smith would disagree most about the answer to which question?A.Should governments actively regulate their economies?B.Is it right for large countries to control weaker colonies?C.Is unemployment a problem in free market systems?D.Should workers unite to create a command economy?