According to the Keynesian interpretation of the 1930's, the main reason we still had double digit unemployment in 1939 was that
a. interest rates were too high.
b. federal budget deficits were too small.
c. the stock of money was too small.
d. investment spending was too high.
b. federal budget deficits were too small.
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In 1977, he pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status
A) Michael Milken B) Roger Milliken C) Ivan Boesky D) Carl Icahn
Suppose that Emily opens a restaurant. She receives a loan from a bank for $200,000 . She withdraws $100,000 from her personal savings account. The interest rate on the loan is 6%, and the interest rate on her savings account is 2%. Emily's annual implicit cost of capital is
a. $2,000. b. $4,000. c. $12,000. d. $14,000.
Beginning from a position of long-run equilibrium at the full-employment level of real GDP, the economy's short-run response to an increase in the aggregate demand curve would be:
A. a movement upward along the short-run aggregate supply curve. B. a movement upward along the long-run aggregate supply curve. C. a downward shift in the short-run aggregate supply curve. D. a shift in both the aggregate demand curve and the short-run aggregate supply curve with a movement along the long-run aggregate supply curve.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. If the condition of the economy at Point H is realized by policy makers when the economy is at Point I, policy is likely to be inappropriate due to
A. the implementation lag. B. the response lag. C. crowding out. D. the recognition lag.