Economists such as James Tobin and Paul Samuelson claimed that _________ provided solid evidence of the effectiveness of Keynesian policies.
A) increases in deficit spending accompanied by extremely low unemployment during WWII
B) increases in taxes accompanied by rising federal budget surpluses
C) increases in the money supply accompanied by falling interest rates
D) price controls accompanied by inflation
Correct Answer:
Verified
Q3: Wartime economic mobilization resulted in
A) increased hours
Q4: Which of the following is most accurate
Q5: Which U.S. President was in office for
Q6: In 1940, civilian purchases of goods and
Q7: Between 1940 and 1944, real Federal spending
Q9: To mobilize resources in WWII, the United
Q10: According to Robert Higgs,
A) World War II
Q11: Which of the following statements about labor
Q12: Forms of federal taxation used to finance
Q13: What was the least important method of
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