Investment tax credits are subject to ________ of the lags that occur with more conventional types of fiscal policy, making them ________ activist fiscal policy tool

The figure above shows the market for college education in the United States. If the government has a goal of enrolling the efficient number of students each year, the government should provide a voucher to students equaling ________

A) $16,000 B) $13,000 C) $11,000 D) $5,000 E) $7,000

According to Classical economists in the 1930s, a recession will end when:

A. government creates enough jobs for all of the unemployed. B. wages fall enough to eliminate unemployment. C. wages rise enough to eliminate unemployment. D. taxes are cut enough to stimulate private spending.