If fiscal policy were able to exert a significant impact on the economy during the Great Depression, we would expect
a. an increase in government expenditures and a reduction in budget deficits.
b. an increase in government expenditures and an increase in budget deficits.
c. a decrease in government expenditures and a reduction in budget deficits.
d. a decrease in government expenditures and an increase in budget deficits.
B
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Excessive unemployment benefits and government overregulation are part of the ________ hypothesis of why a nation's ________ unemployment rate can be high
A) hysteresis, cyclical B) hysteresis, natural C) structuralist, cyclical D) structuralist, natural
Having a refundable deposit for recyclable material
A) raises the marginal private cost of disposal. B) raises the marginal social cost of disposal. C) lowers the marginal private cost of disposal. D) lowers the marginal social cost of disposal. E) does not affect disposal costs.