Author Question: Which of the following is likely to be true when the economy is in a boom? A) The inflation rate ... (Read 33 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
Which of the following is likely to be true when the economy is in a boom?
 
  A) The inflation rate is negative.
  B) The size of government expenditure multiplier is small.
  C) The size of government expenditure multiplier is large.
  D) The unemployment rate is high.

Question 2

John Maynard Keynes argued that the fundamental problem which led to the world depression was
 
  A) insufficient demand for goods and services. B) a shortage of goods and services.
  C) negative net exports on goods and services. D) a decreasing supply of goods and services.



Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library