The Keynesians believe that
a. the Fed played a primary role in driving the Great Depression.
b. the Fed played an important role in preventing the Great Depression from being worse than it could have been.
c. the Fed played a negative but secondary role in the Great Depression.
d. the Federal Reserve did all it could to prevent the Great Depression but essentially played no role in it.
C
Economics
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________ behavioral assumption about humans was that people usually act in a rational, self-interested way
A) Adam Smith's B) Janet Yellen's C) Karl Marx's D) Thomas Malthus's
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When will a profit-maximizing firm shut down?
a. when ATC x q is more than VC b. when ATC x q is less than VC c. when P x q is more than VC d. when P x q is less than VC
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