Author Question: Some economists argue that the increases in aggregate demand for output spurred by wartime spending, ... (Read 64 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
Some economists argue that the increases in aggregate demand for output spurred by wartime spending, complemented by the strong spending in the private sector, impacted the U.S. economy by
 
  (a) increasing production and employment.
  (b) increasing employment and income.
  (c) increasing income, thus fueling additional spending.
  (d) contributing to all of the above.

Question 2

Supply-side economists
 
  a. focus almost exclusively on the supply-side effects of changes in the money supply.
  b. did not devote much attention to the supply-side effects of changes in income tax rates since the marginal income tax rate is very low and pertained only to the relatively wealthy.
  c. argued that cuts in marginal tax rates had very favorable supply-side effects.
  d. argue that government spending is at least as important as tax rates.



af

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

(d)

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

For a complete list of videos, visit our video library