Most economists think that the Keynesian position is that
A) the wage rate will never fall and the price level will never adjust downward if the economy is in a recessionary gap.
B) the time required before wages and prices adjust downward is short enough for the economy to be called self-regulating.
C) the time required before wages and prices adjust downward is long enough for the economy to exist in a recessionary gap for a long time.
D) the time required before wages and prices adjust downward if the economy is in a recessionary gap is rather long, but short enough for the economy to be considered self-regulating.
C
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Reputational rents refer to
A) the profit earned by a firm when it captures economies of scope. B) the costs associated with building credibility of a firm. C) the profit earned solely based on the credibility of a firm. D) the costs associated with the firm's achievement of economies of scale.
The institutions that bring together savers, borrowers, investors, and insurers in a set of interconnected markets where people trade financial products is called the:
A. financial system. B. money system. C. market for interest rates. D. market for loanable funds.
When a second firm enters a market to compete against a natural? monopoly, A. there is no quantity at which the price would exceed the average cost. Your answer is correct.B. it means that there is enough demand for a third firm as well. C. the price will exceed the average cost for all quantities. D. demand will increase for each firm in the market.
When a second firm enters a market to compete against a natural? monopoly,
A.
there is no quantity at which the price would exceed the average cost.
Your answer is correct.
B.
it means that there is enough demand for a third firm as well.
C.
the price will exceed the average cost for all quantities.
D.
demand will increase for each firm in the market.
What is a secondary market?
A) a market where factory seconds and damaged merchandise are sold B) a market where newly issued bonds are sold to initial buyers by the borrowing firm C) a market where a newly issued stocks are sold to initial buyers by the borrowing firm D) a market where you can sell any stocks you own as a private investor