Even when the Obama administration succeeds with its effort to gain Congressional approval for its stimulus proposals, it will still take time for these policies to actually work. The time it takes for these policies to work is known as

The significance of dead capital is that

A) it is difficult to allocate to its most efficient use. B) its fixed cost is too high. C) it is being removed from its most efficient use. D) it replaces too many workers.

Economists before Keynes assumed that equilibrium GDP occurred

a. automatically. b. only with the help of government stabilization. c. if spending was generally greater than output. d. only in socialist economies with central planning.