What was not a significant cause of the Great Depression?
a. Bank failures
b. Stock market crash
c. Government fiscal and monetary policy
d. Large increase in imports that took jobs away from American workers
d. Large increase in imports that took jobs away from American workers
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A key feature of the new growth theory is the assumption of
A) diminishing returns to labor. B) diminishing returns to knowledge. C) no diminishing returns to knowledge. D) no diminishing returns to labor.
Which of the following is accurate about John Maynard Keynes?
a. He was one of the most influential economists in early U.S. history. b. He believed economics is a subject but not a way of thinking. c. He believed economics is not just a subject area but also a way of thinking. d. He believed that economics is not a subject but is a way of thinking.