Which of the following contributed to the weak recovery from the 2008-2009 recession?
a. Government stimulus spending that was largely temporary and often directed toward unproductive activities.
b. The restrictive monetary policy followed by the Fed.
c. The tax increases instituted by a Congress intent on balancing the budget.
d. The failure of the Fed to provide the banking system with sufficient reserves for the extension of new loans.
A
You might also like to view...
When looking at economic growth in a country, the distribution of output and income
A) is shared equally. B) is skewed toward the lowest quintile of the population. C) generally follows predictable patterns. D) is not taken into consideration.
The arrangements that individuals have with each other to exchange goods is known as
A) demand. B) supply. C) a market. D) complements.
Which of the following holds that business cycles are primarily due to changes in technology and does not invoke any monetary or demand-side forces?
A) the real business cycle theory B) the efficiency wage theory C) rational expectations hypothesis D) Keynesian economics
The demand curve facing a monopolist
a. is kinked at the market price b. is perfectly elastic c. lies above its marginal revenue curve d. lies below its marginal revenue curve e. is the same as its marginal revenue curve