Author Question: In the period 196095, the cycles of upturns and downturns in the economy (booms and recessions) ... (Read 45 times)

debasdf · **on:** Jun 30, 2018

In the period 196095, the cycles of upturns and downturns in the economy (booms and recessions)

(a) were eliminated as knowledge of how the economy operated grew.
(b) continued to occur, although not nearly as severely as prior to World War II.
(c) grew even worse than prior to World War II.
(d) were equally as bad as the period prior to World War II.

Question 2

In the monetarist view, a bond-financed increase in government spending would have a strong effect on real output in

a. both the short run and the long run.
b. the short run but not the long run.
c. the long run but not the short run.
d. neither the short run nor the long run.