Economists such as James Tobin and Paul Samuelson claimed that _________ provided solid evidence of the effectiveness of Keynesian policies
a. increases in deficit spending accompanied by extremely low unemployment during WWII
b. increases in taxes accompanied by rising federal budget surpluses
c. increases in the money supply accompanied by falling interest rates
d. price controls accompanied by inflation
a. increases in deficit spending accompanied by extremely low unemployment during WWII
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In the figure above, the factor responsible for the decline in the interest rate is
A) a decline the price level. B) a decline in income. C) an increase in the money supply. D) a decline in the expected inflation rate.
Futures and options contracts are examples of derivative securities.
Answer the following statement true (T) or false (F)
Adam Smith believed that the rich derive the most enjoyment from their wealth by knowing that others observe their consumption
Indicate whether the statement is true or false
The payoff matrix shows the outcome for only one player in a game situation.
Answer the following statement true (T) or false (F)