Multiple Choice
Which statement is FALSE? At the time of the Great Depression:
A) the measurement of the business cycle was well advanced.
B) there was no widely accepted theory of the causes of depressions.
C) economists recognized that the economy did not always grow smoothly.
D) the U.S. economy was substantially agricultural.
Correct Answer:

Verified
Correct Answer:
Verified
Q172: After 1980, the velocity of money began
Q173: Nearly all economists agree that expansionary fiscal
Q174: Keynes suggested that money is:<br>A) the most
Q175: Fiscal policy is usually:<br>A) more political than
Q176: Use of activist fiscal and monetary policy
Q178: Discretionary fiscal policy may be counterproductive because:<br>A)
Q179: The main consequence of Keynesian economics is:<br>A)
Q180: Use the following to answer questions: <img
Q181: Classical economists focused on short-run effects of
Q182: The Great Moderation consensus is that discretionary