Author Question: Which of the following is likely to be true when the economy is in a boom? A) The inflation rate ... (Read 61 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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

For a complete list of videos, visit our video library