Author Question: New classical economists like Robert Lucas argue that the Great Depression was primarily caused by ... (Read 78 times)

dejastew · **on:** Jun 30, 2018

New classical economists like Robert Lucas argue that the Great Depression was primarily caused by

a. lots of mistaken expectations about the future.
b. significant falls in investment.
c. significant falls in the money supply.
d. significant increases in taxes.
e. all of the above.

Question 2

Which of the following are not included as a component of national income?

a. Corporate profits
b. Compensation of employees
c. Net interest income
d. Capital gains and capital losses