According to Keynes, market economies:

A. quickly recover after they experience a significant decline in aggregate demand.
B. are constantly experiencing a significant declines in aggregate demand.
C. never experience significant declines in aggregate demand.
D. may recover slowly after they experience a significant decline in aggregate demand.


Answer: D

Economics

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The concentration ratio for an oligopoly is considered

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Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. Suppose Country B's population of workers increased to 600. We can say:

A. Country B has no need to trade now. B. Country B now possesses the absolute advantage in the production of both goods. C. Country B now has the comparative advantage in iPod production. D. Country B now possesses the absolute advantage in tablets only.

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If real GDP falls, then so must nominal GDP.

Answer the following statement true (T) or false (F)

Economics