In 2008, Germany passed a stimulus package of $29 billion as its economy slowed. This policy action follows the ________ to restore full employment
A) Keynesian viewpoint that supports increases in federal government expenditure
B) Keynesian viewpoint that supports increases in the money supply
C) monetarist viewpoint that supports increases in expenditure by the federal government
D) new classical viewpoint that discourages the use of expenditure by the federal government
A
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If retail managers are ordering extra merchandise from their wholesale distributors, then it is probably true that
A. total output is greater than total spending. B. price levels are decreasing. C. inventory levels are increasing. D. inventory levels are decreasing.
A business produces 4,00 . units per month which he sells at $20/unit. Costs include: $10,00 . on raw materials, $15,00 . on operators and $10,00 . on sales people. In order to break even the fixed costs will have to be:
a. $35,000 b. $40,000 c. $45,000 d. $50,000
As long as firms currently in a monopolistically competitive market are earning profits:
A. more firms will leave the market before the profits are competed away. B. the government will step in to regulate prices to ensure they stay competitive. C. the firm will lower its price to keep out competitors. D. more firms will enter the market with products that are close substitutes.
Any point on the production possibility frontier is
A) attainable and might be allocatively inefficient. B) attainable and must be allocatively efficient. C) less production efficient than a point in the interior of the PPF. D) always allocatively efficient but might or might not be production efficient. E) always production efficient and always allocatively efficient.