According to Keynesian theory
A. changes in the equilibrium interest rate will not always equate saving and investment.
B. prices and wages are flexible downward.
C. say's law is valid.
D. savers and investors have identical motives.
A. changes in the equilibrium interest rate will not always equate saving and investment.
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Describe the broad facts about what, how, and for whom goods and services are produced
What will be an ideal response?
Of the four models of the business cycle, which model's implication concerning the change in real wages during recessions is consistent with actual observed changes in real wages during recessions?
A) the Real Business Cycle theory B) the Friedman-Phelps-Lucas Model C) the Keynesian Model D) None of the above.
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(a) Fishing, whaling, and shipping (b) Exports and imports (c) Manufacturing and agriculture (d) All of the above
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a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers