The dominant school of economic thought until midway through the Great Depression of the 1930s was:
a. classical.
b. Keynesian.
c. monetarism.
d. supply-side.
e. rational expectations.
a
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One well-established full-service stock brokerage charges $35 commissions per trade. A new online brokerage charges $7.95 per trade. Yet, many people still elect to use the traditional, full service broker. Why?
A) They're fools. B) They must not be aware of online brokers. C) They might perceive the low commission to be a sign of low reliability. D) They are failing to economize.
When the Fed conducts open market operations, it buys and sells:
a. stocks. b. government securities. c. foreign currency d. gold.
In a Mexican factory, each worker can produce 1/8 of a vase or 1/16 of a statue per hour. If there are 400 workers at the factory, the maximum number of vases that could be produced in one hour is
a. 400 b. 25 c. 50 d. 100 e. 80
Net worth is calculated by:
a. Assets – Liabilities b. Assets + Liabilities c. Liabilities – Assets d. Liabilities – Depreciation