During a severe and persistent recession, Keynesians would most likely propose
A. a tight money policy.
B. annually balanced federal budgets.
C. macroeconomic stabilization.
D. tax increases.
Answer: C
You might also like to view...
The perpetual problem in economics is:
a. our inability to work together effectively. b. our inability to satisfy everyone's wants with the available resources. c. a recognition of continual class differences. d. our inability to utilize resources efficiently. e. likely to be solved in resource-rich countries.
During a demand-pull inflation, if the Fed tries to maintain a level of real GDP above potential GDP...
What will be an ideal response?
Refer to the above table. What is the absolute price elasticity of demand if a price falls from $7.50 to $7?
A. 0.724 B. 1.38 C. 10 D. 0.1
The American Medical Association, a physicians' union, is a good example of a(n):
A. Demand-enhancing union B. Craft union C. Inclusive union D. Industrial union