In the 1930s our main economic problem, said John Maynard Keynes, was
A. inflation.
B. insufficient aggregate demand.
C. too much government interference with the economy.
D. huge budget deficits.
B. insufficient aggregate demand.
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Refer to the figure above. If John spends his entire income on tables, how many tables can he purchase?
A) 8 B) 10 C) 30 D) 40
Earth Movers & Shakers operates 3 iron ore mines. The accompanying table shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. Total Tons Per DayNumber of MinersMother Lode10025Scraping Bottom3010Middle Drift7515 The opportunity cost of moving one miner from Mother Lode to another mine is:
A. 2 tons per day. B. 1 ton per day. C. 3 tons per day. D. 4 tons per day.
Given a discount rate of 10 percent, the present value of receiving $100,000 two years in the future is
A. $12,000. B. $82,645. C. $121,000. D. $80,000.
Refer to the given information. If the price level P is 4, Q is:
Answer the question on the basis of the following information for a hypothetical economy. All values are in nominal terms. M = $100 V = 2 C a = $160 X n = $10 G = $10 A. 50. B. 100. C. 200. D. 500.