In the United States, the use of fiscal policy tools to stabilize the economy gained prominence during:
A. the depression era.
B. the Kennedy administration.
C. the Reagan administration.
D. the Clinton administration.
Answer: B
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An environmental protection agency in Eduland has launched a campaign against the use of plastic bags. This is an example of ________
A) backward induction B) indoctrination C) anchoring D) sniping
The first table shows the market demand schedule for CDs, and the second table shows the cost structure of each firm. The CD market is perfectly competitive and there are 100 identical firms
The market price of a CD is ________, and ________ CDs are produced and sold. A) $9.00; 20,000 B) $9.50; 15,000 C) $10.00; 10,000 D) $8.50; 24,000
The natural rate of unemployment does not include
a. frictional unemployment b. technological unemployment c. workers who are unemployed because of a recession d. people laid off because the demand for their good disappeared, such as blacksmiths e. people who voluntarily quit their jobs to look for other, more promising jobs
Because capitalism is volatile and produces inequality, radical economic theorists argue for a change to a different economic system.
Indicate whether the statement is true or false.