The fiscal policy response to the recession of 2008-2009 was
a. a substantial increase in the budget deficit just as Keynesian analysis would recommend.
b. a balanced budget, just as Keynesian analysis would recommend.
c. a substantial increase in the budget deficit, which was highly inconsistent with Keynesian analysis.
d. a shift of the federal budget toward a large surplus, which reflected the views of the critics of Keynesian economics.
A
You might also like to view...
Suppose a firm can charge a relatively low price to try to compete actively with its rivals, or it can charge a relatively high, collusive price
If its strategy is to charge the low price regardless of the other firms' decisions, this low-price is the firm's A) dependent strategy. B) independent strategy. C) dominant strategy. D) positive sum strategy.
A focus of antitrust activities is
A) entry blocking. B) price fixing. C) the buying of patents. D) rent-seeking by lobbyists.
Gross domestic product minus
a. net domestic product equals national income b. depreciation equals net domestic product c. indirect business taxes equals national income d. gross domestic product equals personal income e. net domestic product equals gross domestic product
When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of
A. creating a trust. B. conspiracy. C. predatory pricing. D. price discrimination.