What is the most compelling evidence for the Keynesian interpretation of the Great Depression?
a. Increases in both the interest rate and the quantity of money
b. Decreases in both the interest rate and the quantity of money
c. An increase in the interest rate and a decrease in the quantity of money
d. A decrease in the interest rate and an increase in the quantity of money
b. Decreases in both the interest rate and the quantity of money
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Which of the following faces a horizontal demand curve?
a. A monopolistic firm b. An oligopolistic firm c. A perfectly competitive firm d. A monopolistically competitive firm e. A monopsonist firm
A __________ exchange rate policy sets a fixed and unchanging value for the exchange rate against another currency.
a. soft peg b. floating c. hard peg d. defined
Under perfect competition and monopolistic competition, profits are zero in long-run equilibrium
a. True b. False Indicate whether the statement is true or false
The academic studies that were the intellectual justification for Head Start suggested that money spent on early childhood education would be a wise investment because
A. kids deserve a quality education. B. there would be higher taxes paid when these children grew up. C. there would be lower welfare and incarceration costs when these children grew up. D. B) and C).