In the midst of the Great Depression, President Roosevelt in a radio address to the nation encouraged everyone to "spend ourselves into prosperity." His advice reflected
A) Say's Law.
B) the expenditure multiplier effect.
C) his view that there should be no saving and no dissaving.
D) the difference between actual aggregate expenditure and planned aggregate expenditure.
E) his view that induced expenditure was less important than autonomous expenditure.
Correct Answer:
Verified
Q255: Q256: Using the aggregate expenditure model, the equilibrium Q258: Q259: 14.5 Chapter Figures Q382: How is it possible for consumption expenditure Q389: Discuss the link between real GDP and Q392: What is the relationship between U.S. real Q394: What is the marginal propensity to consume? Q420: What is the difference between induced and Q430: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()
![]()