Economist John Maynard Keynes once said, "In the long run, we are all dead." Keynes was likely:
A. in favor of using fiscal policy.
B. against the use of fiscal policy.
C. in favor of allowing the economy to always correct itself.
D. Economy never achieves its long run equilibrium.
A. in favor of using fiscal policy.
You might also like to view...
The real value of money
A) matters less to people than its nominal value. B) is the same as its nominal value. C) is another word for the face value. D) reflects the purchasing power of money.
If wealth ________, then saving increases, which is shown by a ________
A) decreases; rightward shift of the supply of loanable funds curve B) decreases; movement downward along the supply of loanable funds curve C) increases; rightward shift of the supply of loanable funds curve D) increases; leftward shift of the supply of loanable funds curve E) increases; movement upward along the supply of loanable funds curve
Which of the following would not appear on a firm's accounting statement?
a. sunk costs b. fixed costs c. explicit costs d. implicit costs e. insurance costs
The Congress of Industrial Organization (CIO) was founded by
A) Samuel Gompers. B) Jimmy Hoffa. C) John L. Lewis. D) George Meany.