Which of the following arguments is not a valid argument against the effectiveness of the fiscal stimulus bill?
A. Employment continued to fall into early 2010.
B. Without stimulus recessions come to an end naturally.
C. State and local government spending increased.
D. Monetary policy played a large role in stimulating the economy.
Answer: C
Economics
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What is the effect of an increase in unemployment benefits on the unemployment rate?
What will be an ideal response?
Economics
Economies of team production exist when the
A) average cost of producing a unit of a good falls as its output rate increases. B) firm buys parts or products from other firms. C) firm uses specialized resources to produce a range of goods and services. D) individuals in a group specialize in mutually supportive tasks in the production process.
Economics