Which of the following solutions would a Keynesian economist suggest to avoid turning the recession of the late 20s into the depression of the 30s?
A. balance the federal budget
B. decrease the available of unemployment compensation
C. decrease the interest rate
D. decrease government spending
C. decrease the interest rate
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Many states in the U.S. acquire significant amounts of funds from the following, except
A. personal income taxes. B. grants from the Federal government. C. property taxes. D. state-run lotteries.
Vouchers create the efficient outcome only if production is such that the marginal social cost
A) exceeds the marginal private benefit. B) equals the marginal external benefit. C) equals the marginal social benefit. D) is decreased so it equals the marginal private cost.
The amount of checkable deposits that banks are required by regulation to hold are the
A) excess reserves. B) required reserves. C) vault cash. D) total reserves.
Which of the following students would be most likely to drop out of college before completing their degree?
What will be an ideal response?