Keynes's analysis of the Great Depression led to which of the following recommendations regarding government policy?
A. An annually balanced budget
B. A decrease in government spending
C. An increase in government spending
D. An increase in taxes
C. An increase in government spending
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The price level is:
A. a measure of overall prices at a particular point in time. B. the price of a specific good in comparison to the prices of other goods and services. C. the percentage change in a price index such as the CPI. D. the rate of inflation.
Refer to Table 2.3. Nominal GDP in 2013 is
A) $568.00. B) $794.00. C) $812.00. D) $961.00.
What is viewed in the private sector as competition in the public sector is treated as _____
a. duplication b. destruction c. fighting d. economic warfare
The main determinant of the discount rate on a privately issued bank note was:
a. how long the issuing bank had been in operation. b. who was on the issuing bank's board of directors. c. the general reputation of the issuing bank. d. the distance of the issuing bank from the location where the note was being used.