Who argued that the economy should be left to itself to close a recessionary gap?
a. John F. Kennedy
b. John Maynard Keynes
c. Mercantilists
d. Classical economists
e. Socialists
d
You might also like to view...
When the required reserve ratio is changed,
a. the money multiplier is changed but the amount of excess reserves in the banking system is unchanged. b. the money multiplier is unchanged but the amount of excess reserves in the banking system is changed. c. the size of the money multiplier and the amount of excess reserves change in the opposite direction from the required reserve ratio. d. the size of the money multiplier and the amount of excess reserves change in the same direction as the required reserve ratio. e. neither the money multiplier nor the amount of excess reserves change.
Economists place cartels among the least-desirable forms of market organization.
Answer the following statement true (T) or false (F)
For most of the 19th century in the American West, there was
A. an abundance of labor relative to land. B. abundance of land relative to labor. C. an abundance of both labor and land. D. a scarcity of both labor and land.
The most common method employed by the Fed to increase the money supply is the
a. sale of U.S. government bonds. b. purchase of U.S. government bonds. c. sale of gold. d. increase of the federal debt ceiling.