Which of the following statements are true?
A) Big government was ushered in during the 1920s.
B) Keynes believed budget deficits were good for the economy all the time.
C) The classical economists believed recessions were hard to end without government intervention.
D) Classical economics lost most of its popularity in the 1930s.
Correct Answer:
Verified
Q183: The classical economists believed
A)wages and prices were
Q184: Keynes believed in all of the following,except
A)The
Q185: The monetarists believe
A)the Federal Reserve is very
Q186: Statement I: The classical economists believed recessions
Q187: Which statement is the most accurate?
A)The classical
Q189: The newest school of economic thought to
Q190: According to Keynes,
A)only consumer spending could get
Q191: Keynesians
A)believe capitalism is inherently stable
B)contend that government
Q192: Statement I: According to the rational expectations
Q193: Classical economists believed that in the long
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