The United States was able to produce temporarily outside its production possibilities curve for several years during World War II by doing which of the following?
A. Recruiting housewives to work in tank and airplane factories.
B. Convincing workers who qualified for retirement to put off retirement.
C. Pressing older machinery and equipment into use.
D. Expansion of the work week.
E. All of the choices are true
E. All of the choices are true
Economics
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According to the traditional Keynesian analysis, if the government increases spending and pays for all of it by raising current taxes, then
A) a budget surplus will occur. B) aggregate demand will increase. C) a budget deficit will occur. D) aggregate demand will decrease.
Economics
Which of the following is likely to have the shortest long run?
A) a nail salon B) a construction firm C) an electric company D) a container ship operations company
Economics