The funds used to buy and operate physical capital are

Who had served as a de facto lender of last resort during the 1907 panic?

A) The U.S. Treasury B) J. P. Morgan C) Henry Ford D) John D. Rockefeller

Which of the following statements is true?

a. Above the optimal tax rate, a reduction in tax rates along the downward-sloping portion of the Laffer curve would increase tax revenues. b. According to supply-side fiscal policy, lower tax rates would shift the aggregate demand curve to the right, expanding the economy and creating some inflation. c. The presence of the automatic stabilizers tends to destabilize the economy. d. To combat inflation, Keynesians recommend lower taxes and greater government spending.