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Jump to Navigation Frame   Your location: Assessments  ›  View All Submissions  › View Attempt  View Attempt 1 of unlimited  Title: Chapter 9:Pre-Test Started: March 1, 2010 9:53 AM Submitted: March 1, 2010 9:54 AM Time spent: 00:00:59  Total score: 0/0 = 0%   Total score adjusted by 0.0  Maximum possible score: 0  1.   Classical economists believed that the Depression in the 1930s lasted so long because:    Student Response Value Correct Answer Feedback A. wage-levels were  rigid. 100%    Classicals believed  that wage-level  rigidities were a  cause of the  Depression.  B. wages were too low. 0%      C.  people were unwilling  to work. 0%      D.  inflation was too low. 0%      Score: 0/0    2.   According to Keynes, if a large portion of people in the economy decided to save more and consume less,  aggregate income would: 
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  Score: 0/0    3.   The wealth effect, the interest rate effect, and the international effect cause the AD curve to:    Score: 0/0    4.   For some time now, the U.S. has pressuring Japan to institute policies to shore up its ailing economy. Policies  that increased Japanese growth would increase U.S. exports and:   
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  Score: 0/0    5.  
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This note was uploaded on 04/24/2010 for the course ECON 12123 taught by Professor Donald during the Spring '10 term at Johnson County Community College.

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