The Keynesians believe that
a. the Fed played a primary role in driving the Great Depression.
b. the Fed played an important role in preventing the Great Depression from being worse than it could have been.
c. the Fed played a negative but secondary role in the Great Depression.
d. the Federal Reserve did all it could to prevent the Great Depression but essentially played no role in it.
C
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Let C = 70 + 0.75y and I = 40. Assume no government or foreign sectors. Investment needs to increase by ________ to increase equilibrium output by a total of $600
A) $30 B) $150 C) $560 D) $600
Suppose that the price of capital falls. Does this necessarily imply that the demand for laborwill fall? Explain
What will be an ideal response?
When did the three longest trough-to-peak expansions of the twentieth century occur?
a. between 1900 and 1930 b. between 1930 and 1960 c. since 1960 d. since 1980
The random walk with a trend for the stock market means which of the following?
a. Stock prices are unpredictable on a day to day basis and over time. b. Stock prices have a predictable pattern that investors can determine and use to make profit. c. On any given day stock prices are as likely to increase as decrease but over time prices decrease. d. On any given day stock prices are as likely to increase as decrease but over time prices increase.