Table 11.1-Aggregate Supply and Demand

question 84

Multiple Choice

Table 11.1-Aggregate supply and demand
-In Table 11.1,according to Keynes,which of the following policy options would be most appropriate for the economy if full-employment output occurred at 1600?

• A) A decrease in the money supply to control inflation.
• B) An increase in tax incentives to train workers.
• C) An increase in the level of government spending.
• D) A laissez faire approach.

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Definitions:

Biased Sample

A nonrepresentative sample.

Representative Sample

A small group representing a larger group in terms of age, sex, ethnicity, socioeconomic status, orientation, for example.

Multistage Sample

A sampling method involving multiple phases of selection, often used in large-scale surveys to efficiently gather data.

Stratified Sample

A sampling method used in research that involves dividing the population into distinct subgroups and selecting samples from each subgroup.