According to classical theory,
A. any deficiency in total demand from declining investment leads to long-term unemployment.
B. flexible interest rates assure the equality of aggregate saving and investment.
C. low interest rates discourage economic investment.
D. active government fiscal and monetary policies are needed to ensure full employment and stable prices.
B. flexible interest rates assure the equality of aggregate saving and investment.
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Table 20-1 Total population 20,000 Working-age population 15,000 Employment 1,000 Unemployment 100 Consider the data above for a simple economy. Refer to Table 20-1. The unemployment rate for this simple economy equals
A) (100/1,000) × 100. B) (100/1,100) × 100. C) (100/15,000) × 100. D) (100/20,000) × 100.
An example of a cooperative game would be
A) oligopoly. B) monopolistic competition. C) a cartel. D) perfect competition.
There is an inverse relationship between the interest rate and the quantity of money demanded
a. True b. False Indicate whether the statement is true or false
Which of the following would lead to an increase in the demand for rental apartments in your area?
a. a reduction in the rental price of apartments b. a sharp increase in the number of out-of-town students attending the local college c. an increase in the cost of the materials used to construct apartment units. d. an increase in unemployment and reduction in the income of people in your area