Keynes' great book offered the promise of ending depressions through
a. investors reacting to lower interest rates.
b. consumers taking over the ownership of factories.
c. government nationalizing key industries.
d. government influencing aggregate demand.
d
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Huge increases in government spending and record low levels of unemployment during the Vietnam War era in the late 1960s led policy makers to fear that
A) the economy was slipping into a recession, which would increase unemployment. B) the economy was growing too fast, which would increase unemployment. C) the economy was slipping into a recession, which would increase inflation. D) the economy was growing too fast, which would increase inflation.
A change in all of the following variables will change the market demand for a product except
A) the price of the product. B) tastes. C) income. D) population and demographics.
If tastes for foreign goods and services go up, then we would expect imports to:
A. decrease. B. increase and then sharply decrease more. C. remain constant. D. increase.
Over recent years, economists holding monetarist views have replaced their call for a monetary rule with a call for:
A. artful Fed management of interest rates. B. inflation targeting. C. nominal GDP targeting. D. inflationary and recessionary gap analysis.