Most economists believe that the financial crisis of 2008 began because of problems in the ____ industry

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.

Suppose you were to hear an economist defend the minimum wage on the grounds that she estimated the productivity of workers both before and after an increase in the minimum wage and found that the increase in the minimum wage increases productivity by more (on a percentage basis) than it increased costs. You would know her to be relying on the ________ argument.

A. macroeconomic B. work effort C. consumer and producer surplus D. elasticity