Author Question: The monetarists would expect a tax cut to have a strong effect on output only if the spending ... (Read 57 times)

Jramos095 · **on:** Jun 30, 2018

The monetarists would expect a tax cut to have a strong effect on output only if the spending increase was

a. financed by a sale of bonds.
b. financed by a cut in government spending.
c. financed by an increase in the money stock.
d. accompanied by a reduction in the deficit.

Question 2

During World War I (191418), the government supported the cause of labor when it

(a) reduced the work day to eight hours in all government jobs.
(b) reduced the work day to eight hours in all private sector jobs.
(c) enforced the eight-hour work day in all government jobs.
(d) enforced the eight-hour work day in all private jobs.