The goal of fiscal policy after the Great Depression was to:
a. balance federal budget
b. manipulate aggregate demand and supply to fight unemployment.
c. influence aggregate demand.
d. influence aggregate supply.
e. push the aggregate demand and supply curves to the right.
c
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In response to the destructive bank panics of the Great Depression, future bank panics are designed to be prevented by
A) establishing a fractional reserve system of banking. B) increasing the required reserve ratio to 100%. C) the establishment of the Federal Deposit Insurance Corporation. D) the Federal Reserve System conducting open market operations. E) the Federal Reserve System acting as a lender of last resort.
Countries with large current account surpluses might be viewed by the market as candidates for
A) devaluation. B) revaluation. C) bankruptcy. D) depreciation. E) investment.