Author Question: The economist John Kenneth Galbraith (1979) lists several major sources of weakness in the economy ... (Read 72 times)

Tirant22 · **on:** Jun 30, 2018

The economist John Kenneth Galbraith (1979) lists several major sources of weakness in the economy that laid the groundwork for the collapse of the 1930s. These sources include all of the following except

(a) A weak banking structure
(b) Ignorance of the economy's problems by the nation's leaders
(c) An overgrown federal bureaucracy with extensive regulation of the private economy
(d) An increasingly unequal distribution of income

Question 2

Labor productivity is measured by dividing Gross Domestic Product (GDP) by population.

Indicate whether the statement is true or false