During the Depression of the 1930's, Keynesian economists argued that the government should spend ______________ they...

During the Depression of the 1930's, Keynesian economists argued that the government should spend ______________ they receive in tax revenue.

Group of answer choices

A) as much as

B) more than

C) less than

D) nothing and reduce the amount

Expert Solution

B) more than

During the Depression of the 1930's, Keynesian economists argued that the government should spend more than they receive in tax revenue.

Rahul Sunny answered 2 years ago

4. Many economists argued that the deep depression in Japan in the 1990s, caused by the...

4. Many economists argued that the deep depression in Japan in the 1990s, caused by the bursting of the “bubble economy,” failed to respond to aggressively expansionary monetary policies because the economy was in a liquidity trap. But Koo argues that the real problem was a balance sheet recession. What’s the difference? What evidence does Koo give for this. What is a balance sheet recession?

The period from 1930 to 1933 were years of the Great Depression bank panics. During this...

The period from 1930 to 1933 were years of the Great Depression bank panics. During this time the money supply (M1) fell by 25%. Yet the monetary base increased by 20 percent. a. How does the Fed affect the monetary base? b. Why did the U.S. money supply fall in the face of a rising money base during the Great Depression bank panics?

Some economists, such as Paul Krugman, argue for government to take a more Keynesian approach to...

Some economists, such as Paul Krugman, argue for government to take a more Keynesian approach to promoting economic growth—that government borrowing can be economically healthy, in developing infrastructure for future needs or to spend its way out of a recession. More conservative economists argue that a country’s economic growth over the long term is better obtained through a tighter monetary policy and a more aggressive approach to balancing the budget. Which is more important for a healthy economy, a balanced...

What are some possible actions the government could have/should have taken during the Depression to assist...

What are some possible actions the government could have/should have taken during the Depression to assist people?

Explain the Phillips curve as old Keynesian economists saw it in the early 1960’s. What was...

Explain the Phillips curve as old Keynesian economists saw it in the early 1960’s. What was the relationship between inflation and unemployment, and why did Keynesian economists think of it as such?

Question 2. During the 1930’s, there were a number of (commercial) bank failures. Please answer all...

Question 2. During the 1930’s, there were a number of (commercial) bank failures. Please answer all of the following questions (a-f) a. What does it mean for a bank to fail (i.e. provide a definition for a bank failure). b. What actions do individuals take when banks begin to fail? c. What actions do commercial banks take when the rate of bank failures begins to rise? d. What effect did the actions of individuals (from part b) and banks (from...

What you consider the three most significant pieces of legislation passed during the 1930’s? Why did...

What you consider the three most significant pieces of legislation passed during the 1930’s? Why did you choose them?

Recently, many people have argued that we should privatize much of government—that is, turn over to...

Recently, many people have argued that we should privatize much of government—that is, turn over to the private sector such traditional governmental activities as running prisons, Social Security, public broadcasting, and even public schools. Is this a good idea? Why or why not? What programs, if any, should be privatized? What are the relative disadvantages and advantages in privatization? Use the chapter to support your argument

A politician asserts that the government should not spend money on "head start" programs for poor...

A politician asserts that the government should not spend money on "head start" programs for poor children since intelligence is largely genetically based. What would be your response, considering the research and information presented in this chapter?

During the great recession of 2007-2009, did the US government take a page of the Keynesian...

During the great recession of 2007-2009, did the US government take a page of the Keynesian macro theory to help move the country out of recession? What did they create? Did it work?

Question