Which of the following had the greatest impact in pulling the U.S. economy out of the Great Depression?
a. The economy's natural tendency to contract toward potential output
b. The federal government's aggressive policy of tax cuts
c. The federal government's aggressive policy of monetary stimuli
d. A precipitous drop in aggregate demand
e. Increased spending during World War II
e
Economics
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Consider the same market for nonalcoholic beer as in the previous question. How many "units" of beer will Boors produce in the Nash equilibrium?
a. 667 b. 1,667 c. 2,333 d. 3,000
Economics
Public debt promotes overconsumption if
a. foreigners hold the debt b. people fail to regard bonds as their personal assets c. people view the government's liabilities as their own d. the Federal Reserve buys bonds e. people regard their bond holdings as part of their savings
Economics