Which of the following statements is (are) correct? Keynesian economists
a. favor neither active monetary policies nor active fiscal policies to stabilize the economy. b. favor both active monetary and fiscal policies to manage aggregate demand.
c. are known as noninterventionists.
d. are perceived as favoring smaller, less active government policy.
e. Either b or d
A
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The business cycle matters for unemployment because:
A. it affects the demand for labor. B. it affects the supply of labor. C. Both of these are true. D. Neither of these is true.
By 2016, the dollar value of the debt had climbed:
A. to 104 percent of GDP. B. to just under $500 billion. C. to $800 billion. D. down to 80 percent of GDP.
Why do long lags make discretionary policy less effective?
What will be an ideal response?
What is happening at point C?
a. Consumers are preordering products.
b. Consumers have maxed out their credit.
c. Inventories are being sold off to meet demand.
d. Excess production is being stored in inventories.