Which one of the following is an area of continued disagreement among modern macroeconomists with regard to the use of fiscal policy?

What will be an ideal response?


Budget deficits are a highly effective tool with which to combat a severe recession

Economics

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When lenders are unable to get good information about the worthiness of a project the lender has the problem of

A) adverse selection. B) moral selection. C) moral hazard. D) adverse hazard.

Economics

Economic choice and competitive behavior are the result of

a. basic human greed. b. poverty. c. private ownership of resources. d. scarcity.

Economics

The marginal propensity to consume _____

Fill in the blank(s) with the appropriate word(s).

Economics

Since 1950, the average length of a recession in the United States has been

A) such that recessions barely exist. B) less than a year. C) between 1 and 2 years. D) greater than 2 years.

Economics