Many economists oppose a constitutional amendment that would require a balanced

Question

Many economists oppose a constitutional amendment that would require a balanced budget for the federal government because it would probably make the business cycle more volatile. True False

Index funds are financial intermediaries, but municipal bonds are not.

True False

When the U.S. government purchases capital equipment, such as a computer, these expenditures are part of investment in GDP.

True False

According to the Phillips curve, policymakers can reduce both inflation and unemployment by increasing the money supply.

True False

Explanation / Answer

Answer:- Many economists oppose a constitutional amendment that would require a balanced budget for the federal government because it would probably make the business cycle more volatile.

Correct Answer;- True

Answer:- When the U.S. government purchases capital equipment, such as a computer, these expenditures are part of investment in GDP.

Correct Answer:- True

Reason:- These kinds of investments are included in the gross investment

Answer:- According to the Phillips curve, policymakers can reduce both inflation and unemployment by increasing the money supply.

Correct Answer:- False

Reason:- This can be done by contracting aggregate demand.

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