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Author Question: Between 1945 and 1950, federal expenditures (a) dropped by two-fifths despite the Marshall Plan. ... (Read 61 times)

cnetterville

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on: Jun 30, 2018
Between 1945 and 1950, federal expenditures
 
  (a) dropped by two-fifths despite the Marshall Plan.
  (b) dropped by two-fifths because of dissipation of wartime expenditures.
  (c) increased by two-fifths because of increased spending in private consumer and business markets.
  (d) increased by two-fifths because of the Marshall Plan.

Question 2

According to the Keynesian fixed wage theory, real wages should be
 
  a. positively correlated with income.
  b. not correlated with income.
  c. fixed.
  d. negatively correlated with income.


johnpizzaz

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(a)

Answer to Question 2

D


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