Which of the Following Would Be Most Likely to Maintain

question 135

Multiple Choice

Which of the following would be most likely to maintain that spending increases and larger budget deficits would help promote recovery from the recession of 2008-2009?

• A) supply-side economists
• B) new classical economists
• C) Keynesian economists
• D) proponents of the crowding-out theory

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Definitions:

Prime Costs

The total of direct materials and direct labor costs associated with the production of goods.

Specialized Electronic Parts

Electronic components designed for specific applications or uses, often critical for the performance of specialized equipment.

Supplied Resources

The materials, labor, and other inputs provided for production or service delivery processes.

Production

The process of creating goods or services by combining labor, materials, and technology.