Author Question: Which of the following occurred during World War I (191418)? (a) Private markets largely ... (Read 47 times)

mia · **on:** Jun 30, 2018

Which of the following occurred during World War I (191418)?

(a) Private markets largely influenced resource allocation.
(b) Non-market controls imposed by the government.
(c) New income taxes financed 100 percent of the war.
(d) Corporate America voluntarily financed 100 percent of the war
efforts to protect their interests.

Question 2

If business cycles are caused by changes in aggregate demand, you would expect to see

a. prices and unemployment moving in the same direction.
b. price and unemployment moving in opposite directions.
c. prices not moving with unemployment.
d. unemployment is not included in the Keynesian model.