Many economists from both the Keynesian and neoclassical schools have found that the policies implemented to stabilize the economy and financial markets during the Great Recession:
a. were totally ineffective
b. made the Great Recession worse.
c. were effective, although to varying degrees.
d. were totally effective.
c. were effective, although to varying degrees.
You might also like to view...
A seller has some information about a good that the buyer does not have. When would the seller be most likely to provide the buyer with the currently "hidden" information?
A. When the seller thinks that providing the information will decrease the supply of the good. B. When the seller thinks that providing the information will increase the supply of the good. C. When the seller thinks that providing the information will decrease the demand for the good. D. When the seller thinks that providing the information will increase the demand for the good. E. There is not enough information to answer the question.
Which of the following is not an explanation for structural unemployment?
a. efficiency wages b. job search c. minimum-wage laws d. unions
The Bretton Woods exchange rate system was replaced by a gold standard.
Answer the following statement true (T) or false (F)
When the dollar appreciates relative to the pound, the pound price of the dollar
A) increases. B) decreases. C) does not change. D) increases or decreases, depending on the amount of the depreciation. E) changes in the next period.