As contrasted to the mainstream view, Keynesian economists believe that ________ than mainstream economists believe
A) the multiplier effect is larger
B) the burden of government debt on future generations is larger
C) fiscal stimulus is weaker
D) potential GDP is smaller
E) the real GDP growth rate is higher
A
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In an effort to stabilize the banking sector and keep banks lending, from October 2008 to September 2009, the Fed ________.
A. raised the amount of interest paid on reserves held at Fed banks B. raised reserve requirements C. declared a series of bank holidays to give banks a chance to recover from excessive withdrawals from customer accounts D. lowered the federal funds target rate
The economy needs some unemployment to operate efficiently, because without it
A) workers will find it difficult to find a job, leading to reduced wages and prices. B) firms will find it difficult to recruit workers, leading to increased wages and prices. C) firms will find it difficult to recruit workers, leading to reduced wages and prices. D) workers will find it difficult to find a job, leading to increased wages and prices.
Preservation of national security is one argument in favor of trade restrictions.
Answer the following statement true (T) or false (F)
If you were thinking of entering the ice cream business, would you make a product that is just like one that is already being produced? Explain.
What will be an ideal response?