Traditional Keynesians tend to favor
a. monetary policy over fiscal policy because of the effectiveness of central banks.
b. monetary policy over fiscal policy because it reduces interest rates..
c. fiscal policy over monetary policy because it doesn't impact interest rates.
d. fiscal policy over monetary policy because of the liquidity trap.
e. none of the above.
D
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Why do many film processing companies have a policy of printing every picture on a roll of film or a memory card, even if the picture is very fuzzy and customers are allowed to ask for refunds on any pictures they do not like?
What will be an ideal response?
Household consumption as a percentage of GDP in the United States is
A) less than that in other high-income countries. B) greater than that in low-income countries. C) equal to that in middle-income countries. D) greater than the average for countries around the world.