What best describes US federal fiscal experience in the late 1920s and early 1930s?
a. Revenues collected increased rapidly through the period.
b. A balanced budget was maintained for most of the Depression.
c. Tax rates were consistently lowered to spur economic growth.
d. Expenditures grew by over 300% from 1927 to 1940.
d. Expenditures grew by over 300% from 1927 to 1940.
Economics
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People typically buy more of a product at low price than at a high price
a. true b. false
Economics
The economy is at full employment and then aggregate demand increases. Describe what happens as an immediate result of the increase in aggregate demand. Describe how the economy adjusts back to full employment
What will be an ideal response?
Economics