Each of the following was considered a proponent of supply-side economics except
A) Arthur Laffer.
B) Ronald Reagan.
C) Congressman Jack Kemp.
D) Milton Friedman.
Correct Answer:
Verified
Q3: According to Keynes,investment was determined
A)equally by the
Q4: The velocity of circulation,V,is equal to
A)PQ.
B)MQ.
C)PQ/M.
D)M/PQ.
E)Q.
Q5: The concept that shows the relationship among
Q6: The equation of exchange
A)always balances.
B)usually balances.
C)sometimes balances.
D)never
Q7: If Q = 800,P = 20,and V
Q9: Which school of economics held that individuals
Q10: Say's law was the centerpiece of
A)Keynesian economics.
B)communism.
C)classical
Q11: The classical economists believed that recessions
A)needed to
Q12: The equation of exchange
A)is GDP = C
Q13: The only school of economics that could
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