In a two-country world, an increase in the real interest rate in the domestic economy (relative to the real interest rate in the foreign economy) shifts
A) the domestic AD curve leftward and the domestic SRAS curve rightward.
B) the domestic AD curve rightward and the domestic SRAS curve leftward.
C) both the domestic AD curve and the domestic SRAS curve rightward.
D) both the domestic AD curve and the domestic SRAS curve leftward.
E) the domestic AD curve leftward and does not affect the domestic SRAS curve.
A
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The Keynesian labor supply function is shown as
a. Ns = g(W/P). b. Ns = g(P/W). c. Ns = t(W/Pe). d. Ns = t(Pe/W).
Which of the following characteristics is required for a perfectly competitive market?
a. The goods offered for sale are exactly the same. b. There are so many buyers and sellers that no single buyer or seller has any influence over the market price. c. It is difficult for new sellers to enter the market. d. Both a and b are correct.
Ockham's razor is the principle that states
A. irrelevant detail should not be included in a model. B. costs which have been incurred cannot be avoided. C. we must forgo something when making a decision. D. supply creates its own demand.
The anti-growth view:
What will be an ideal response?