Which of the following led a strong attack against mainstream macroeconomists during the 1970s?

A) Friedman and Phelps
B) Hicks and Hansen
C) Modigliani and Friedman
D) Lucas, Barro, and Sargent


D

Economics

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"Economic profits are less than or at most equal to accounting profits." Do you agree or disagree? Explain

What will be an ideal response?

Economics

The equilibrium of this game indicates

a. Self-interest can sometimes lead to sub-optimal outcomes b. Rationality can sometimes lead to inefficient outcomes c. All of the above d. None of the above

Economics

What is the Nash equilibrium of the game?

a. Low, Low b. Low, High c. High, Low d. High, High

Economics

GDP per capita is:

A. the amount of GDP produced per unit of capital equipment. B. GDP divided by the total population. C. the amount of GDP produced by an individual state. D. GDP multiplied by the total population.

Economics