In 2009, just after taking office, President Obama approved an $800 billion stimulus package of tax cuts and increased government spending to combat the recession brought on by the financial crisis of 2007
Which group of economists most approved of President Obama's actions? A) Keynesian economists
B) classical economists
C) monetarists
D) free market economists
A
You might also like to view...
Whenever any firms in a concentrated industry merge, the Herfindahl-Hirschman Index: a. will rise
b. may rise or stay the same. c. may rise or fall. d. will fall.
Private-sector firms’ beliefs about the economic climate can cause unemployment to linger even after a recession is over
Select whether the statement is true or false. A. True B. False
Figure 9-1
In , which of the following correctly labels the curves in the aggregate demand/aggregate supply model?
a.
(1) is LRAS, (2) is SRAS, and (3) is AD.
b.
(1) is SRAS, (2) is LRAS, and (3) is AD.
c.
(1) is AD, (2) is SRAS, and (3) is LRAS.
d.
(1) is LRAS, (2) is AD, and (3) is SRAS.
Consider the two following statements: I. x is an inferior good. II. x exhibits Giffen's Paradox. Which of the following is true?
a. I implies II, but II does not necessarily imply I. b. II implies I, but I does not necessarily imply II. c. I and II are statements of the same phenomenon.