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Author Question: Which of the following is likely to be true when the economy is in a boom? A) The inflation rate ... (Read 67 times)

DelorasTo

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on: Jun 30, 2018
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

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

B

Answer to Question 2

A


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