John Maynard Keynes developed the aggregate expenditures model in order to understand the:
A. Second World War
B. Great Depression
C. Oil crises of the 1970s and 1980s
D. Great Recession of 2007-2009
B. Great Depression
You might also like to view...
Because of the large current account deficits accumulated by the United States since 1981, the United States has become a
A) nation with no official reserves. B) balanced nation. C) broke nation. D) creditor nation. E) debtor nation. The table above gives data on the U.S. balance of payments in 2019.
The nutritional information now available at many fast food restaurants is an example of:
A. a failed attempt by government to reduce information asymmetry. B. requiring the more informed party to reveal the missing information. C. government regulation to screen out unhealthy food for consumers. D. government requiring the restaurants to signal whether food is healthy or not.