The Keynesian view of the world is that the
a. self-correcting mechanism is unreliable.
b. benefits of fighting unemployment are high and the costs are low.
c. short-run Phillips curve is relatively flat.
d. All of the above are correct.
d
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The text discussed persuasion and coercion. the discussion concluded that
A profit-maximizing monopolistic competitor continues production until ________
A) marginal revenue exceeds marginal cost B) marginal revenue equals marginal cost C) marginal revenue exceeds average revenue D) marginal revenue equals average revenue
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
A) decrease in the demand for lettuce. B) decrease in the supply of lettuce. C) decrease in both the demand and supply of lettuce. D) rightward movement along the demand curve for lettuce.
A Treasury bill with an original maturity of six months currently sells for $972.58. The bill was issued 30 days ago. An investor who purchases this bill today would have a yield on a discount basis of __________ percent
A) 6.58 B) 5.50 C) 5.42 D) 6.49