When faced with the Great Recession, both Presidents, most members of Congress and Federal Reserve officials showed that they were really true believers in the ____________ school of economic thought.
A. Keynesian
B. Supply side
C. New Classical
D. Behaviorist
A. Keynesian
You might also like to view...
Consumer equilibrium exists when the marginal utility per dollar of expenditure is the same for all goods and services
a. True b. False Indicate whether the statement is true or false
Economic indexes whose upward and downward turning points generally precede the peaks and troughs of general business activity are known as
a. causal indicators. b. leading indicators. c. roughly preceding indicators. d. primary indicators.
According to Nobel Laureate Edmund Phelps, minimum wages cause higher unemployment, but wage subsidies cause higher employment.
a. true b. false
A demand curve with continuously changing slope over all quantity values will always have a price elasticity of demand equal to infinity.
Answer the following statement true (T) or false (F)