Which of the following is true?
a. Keynesians advocate increasing the money supply during economic recessions but decreasing the money supply during economic expansions.
b. Monetarists advocate increasing the money supply by a constant rate year after year.
c. Keynesians argue that the crowding-out effect is rather insignificant.
d. Monetarists argue that the crowding-out effect is rather large.
e. All of these.
Question 2
Which of the following demographic groups in the U.S. has the highest unemployment rates?
a. College graduates.
b. White working-age people.
c. African-American teenage males.
d. All working-age people with a high school diploma but no college.
