In response to the global recession of 2008 and 2009, governments around the world
A. Reduced public works spending.
B. Expanded public works spending and income transfer programs.
C. Expanded income transfer programs but reduced public spending programs.
D. Reduced income transfer programs.
Answer: B
You might also like to view...
On average, the greater the unexpected decline in aggregate demand
A) the weaker is the resulting deflation. B) the greater is the resulting deflation. C) the greater is the resulting inflation. D) the greater is the rise in the price level.
Generally, as a movie theater adds more screens its average costs fall. The movie theater can be said to experience
a. declining profit b. higher prices c. diseconomies of scale d. economies of scale e. diminishing marginal returns
The classical economists believed that if saving exceeded investment, the _____________.
Fill in the blank(s) with the appropriate word(s).
An increasing cost industry is one where total costs rise as the industry grows.
Answer the following statement true (T) or false (F)