Monetarists such as Milton Friedman blame the Great Depression primarily (although not completely) on ___
a. the stock market crash.
b. the Bank Holiday.
c. the decline in investment spending.
d. the waves of bank failures.
d. the waves of bank failures.
Economics
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The lower portion of the circular flow model contains factor markets in which households provide:
a. labor, money, and machines. b. savings, spending, and investment. c. natural resources, labor, and capital. d. output of all final goods and services produced.
Economics
The vertical and horizontal axes intercepts of the budget line represent the:
A. quantity of goods that will be purchase if only that good is purchased. B. preference of one good compared to another good. C. quantity of each good that is outside the consumer's income. D. only two choices that will spend the entire budget.
Economics