The recovery from the low point of the Great Depression lasted for ____ months.
A. 12
B. 25
C. 50
D. 90
C. 50
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The great German hyperinflation during 1922-1923 can be attributed to the:
A) German government printing money to pay bills. B) absence of financial intermediaries in Germany. C) emergence of large number of monopolies in Germany. D) economic policy that restricted the import of goods into Germany.
According to traditional Keynesian analysis, fiscal policy operates by
A) informing consumers and business people about its plans for the economy so they will know how to adjust their behavior. B) indirectly affecting aggregate demand through its effect on interest rates. C) directly affecting aggregate demand. D) directly affecting aggregate supply.
The greater the elasticity of demand for a final product, we find ________ the demand for the factor inputs
A) the greater will be B) the lower will be C) that it will not impact D) The answer cannot be determined.
If the multiplier is 5, then the MPC must be
A) 1/5. B) 1/6. C) 3/4. D) 4/5. E) 2/3.