Which of the following statements are correct? In (the)
a. Keynesian model, unemployment is voluntary.
b. real business cycle models, all unemployment is voluntary.
c. new classical models, there is voluntary unemployment.
d. Both b and c
e. All of the above
D
You might also like to view...
One means of enforcing a quota is to require importers to ________.
A. pay an import tax B. obtain a license C. pay a sales tax D. obtain a sales permit
If the price level falls and the money wage rate does not change, some firms ________ and there is ________
A) shut down; a leftward shift of the aggregate supply curve B) start up; a rightward shift of the aggregate supply curve C) start up; an increase in potential GDP D) shut down; a decrease in the quantity of real GDP supplied E) shut down; a decrease in potential GDP
Which of the following terms describes how a good is produced in stages?
a. supply chain b. value chain c. supply trade d. value trade
Which of the following would be an example of capital for a retail gasoline station? (i) the gas tanks and pumps (ii) the service attendants' time (iii) the plot of land on which the station sits
a. (i) only b. (iii) only c. (i) and (iii) only d. (ii) and (iii) only