John Maynard Keynes and his followers argued that the Great Depression was primarily the result of:
a. excessive government spending.
b. large budget deficits.
c. the perverse monetary policies of the Fed.
d. insufficient aggregate spending on goods and services.
d
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The three components of personal consumption expenditures are:
a. durable goods, nondurable goods, and services. b. durable goods, food, and housing. c. durable goods, nondurable goods, and housing. d. durable goods, services, and food. e. durable goods, services, and transportation.
Who among the following is neither employed nor unemployed?
a. Kate, who did not work because she wanted to complete her studies but is now available for work b. Robert, who is working part-time at Kent's Snack Bar as he wants more time to study c. Greg, who is a doctor working as the head of the neurosciences department of a community hospital d. Smith, who is an accountant by profession but is working as a clerk in a bank