Which of the following schools of economic thought would be against balancing the budget during a recession?
A. The classical school
B. Keynesians
C. Monetarists
D. Supply side economics
B. Keynesians
Economics
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A lower real interest rate, amount of consumer debt, and personal taxes ________ personal consumption expenditures
A) increase B) decrease C) have no effect on D) none of the above
Economics
The Federal Reserve econometric model emphasizes the impact of the wealth effect on
A) consumption. B) government spending. C) business investment. D) exports.
Economics
The fractional reserve system allows banks to create money by making loans based on the quantity of demand deposits they have
Indicate whether the statement is true or false
Economics
Refer to Exhibit 6-1. Prices rose by __________ percent from Year 4 to Year 5.
a. 3.90 b. 3.75 c. 4.30 d. 5.90
Economics