Author Question: The police power of government to control business (a) was exercised during the colonial period ... (Read 112 times)

yoooooman · **on:** Jun 30, 2018

The police power of government to control business

(a) was exercised during the colonial period but lapsed when the Constitution was written.
(b) was exercised during the colonial period and carried over to the new nation; it still exists today.
(c) was not widely exercised during the colonial period but assumed greater importance in the new nation.
(d) was important in England but was never important in the Americas, either before or after the Revolution.

Question 2

Suppose the government want to increase aggregate demand without increasing interest rates. You would recommend

a. reducing transfer payments and increasing the money supply.
b. increasing government spending and reducing the money supply.
c. increasing taxes and the money supply.
d. increasing government spending and the money supply.