Some critics of capitalism argue that
a. There is too much government intervention in the economy
b. Involuntary trade generates no wealth
c. If one person makes money, someone else must be losing it
d. Voluntary trade ensures gains for both consumers and producers
c
Economics
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Contractionary fiscal
What will be an ideal response?
Economics
The primary factor that caused most economists to lose their faith in the classical approach to macroeconomic policy was
A) the high levels of unemployment that occurred during the Great Depression. B) the presence of both high unemployment and high inflation during the 1970s. C) the theoretical proof that classical ideas were invalid. D) the evidence that classical ideas were useful during economic booms, but not during economic recessions.
Economics