According to traditional Keynesians, monetary policy is ineffective in affecting the economy during a recession because
A) an increase in the money supply will have little impact on interest rates.
B) an increase in the money supply will only lead to higher interest rates.
C) an increase in the money supply will only lead to lower investment spending.
D) an increase in the money supply will raise the amount of government debt.
Answer: A) an increase in the money supply will have little impact on interest rates.
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Which of the following factors are considered under "new growth theory"?
A) research B) technology C) innovation D) All of the above are correct.
Based on the following data for the country of Tiny Town, the employment-to-population ratio equals ________ multiplied by 100. Population = 200 Working age population = 100 Labor Force = 90 Number of employed persons = 75
A) 90/100. B) 75/200 C) 90/200. D) 75/100.