According to Keynes,
A. supply creates its own demand.
B. the problem during recessions was inadequate aggregate supply.
C. investment spending was necessary to get us out of a depression.
D. budget deficits were good during recessions.
D. budget deficits were good during recessions.
You might also like to view...
How does the text distinguish between coercion and persuasion?
A) Coercion uses force; persuasion uses reasoning. B) Coercion uses violence; persuasion is peaceful. C) Coercion cannot make everyone better off, but persuasion can. D) Coercion is evil, and persuasion is good. E) Coercion induces cooperation by threatening to reduce options, persuasion by promising to expand options.
Ed Sike was able to increase his net revenue by charging different prices to different customers because
A) his cost of serving different customers varied. B) his marginal costs declined as his sales increased. C) his marginal costs were rising. D) he could distinguish faculty from students at low cost.
If technology is a complement to labor, then advances in technology will ________ the number of workers hired.
A. increase B. not affect C. decrease D. act as a substitute for
Over the last 50 years, the poor have:
A. become richer at the same rate as the rich, and so inequality has stayed the same. B. become richer at a slower rate than the rich, and so inequality has grown. C. become poorer, while the rich have become richer, and so inequality has grown. D. become richer at a slower rate than the rich, and so inequality has decreased.