John Maynard Keynes and his followers argued that the Great Depression was primarily the result of:
A. excessive government spending.
B. large budget deficits.
C. the perverse monetary policies of the Fed.
D. insufficient aggregate spending on goods and services.
Answer: D
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When disposable income is 2500, induced consumption is
A. -500.
B. 0.
C. 500.
D. 1000.
Cost-effectiveness considerations are more formally integrated into health policy making in
a. the UK b. Australia c. Europe d. Canada e. b, c, and d are correct
The institution ultimately responsible for managing the nation's money supply and coordinating the banking system to ensure a sound economy is called a:
A. central bank. B. national bank. C. public banking system. D. peoples' bank.
When the exchange rate is determined by market forces and an economy is experiencing a net inflow of capital, the economy will tend to
a. run a budget deficit. b. run a trade deficit. c. experience an increase in the supply of money. d. experience a reduction in the supply of money.