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