Keynes believed that the combination of unplanned and alternating AD shifts reinforced by multiplier effects causes recurring business cycles.
Answer the following statement true (T) or false (F)
True
Any initial unplanned autonomous change is magnified by multiplier effects, creating larger swings in economic activity, which essentially are what the business cycle is all about.
Economics
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Indirectly, the government has improved the quality of information available to consumers through
a. the SEC. b. its support for the Internet. c. the Federal Reserve System. d. requiring content labels on food products.
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Which of the following is considered a durable good?
A) clothing B) a washing machine C) medical care D) food
Economics