Which of the following U.S. economic periods was characterized by a negative expenditure multiplier?
a. the period following World War II
b. the period following the introduction of Reaganomics
c. the dot-com boom
d. the period following the financial crisis of 2008
d. the period following the financial crisis of 2008
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The above table shows the distribution of wealth and income for Miseria. What percent of wealth is owned by the poorest forty percent of the population?
A) 0 percent B) 2 percent C) 5 percent D) 10 percent
In the short run,
a. all of the firm's input quantities, including plant size, become adjustable. b. firms are not constrained by past decisions. c. firms have relatively little opportunity to change production processes. d. all of the firm's current commitments come to an end.
An appreciation in the U.S. dollar benefits which of the following groups of people?
a. All people living in the United States. b. U.S. producers who export farm equipment to other countries. c. U.S. consumers who buy imported automobiles. d. Foreigners who wish to travel to the United States. e. U.S. consumers who buy only goods made entirely in the United States.
One way to invest in human capital is by
a. increasing your education. b. avoiding on-the-job training programs. c. doing nothing; it is impossible to improve your human capital. Human capital is solely determined by the abilities that you are born with. d. investing in physical capital.