Keynes was especially concerned with explaining the
A) recession of 1920-21.
B) low levels of output and employment during the Great Depression.
C) strong economic growth of the 1920s.
D) high unemployment in Great Britain during the 1920s.
B
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Printing dollar bills without limit.
Answer the following statement(s) true (T) or false (F)
Which of the following is TRUE regarding the labor market?
I. The labor supply curve slopes upward because firms maximize profits as they hire more workers. II. If the real wage rate falls, the quantity of labor firms demand increases. III. The demand for labor curve slopes downward because as the real wage rate falls, workers demand to work fewer hours. A) I and II B) I and III C) II only D) I, II and III
The system of trade rounds under GATT and the WTO has been successful at creating trade rules and reducing trade barriers
Indicate whether the statement is true or false
Which of the following expenditures would increase the investment component of U.S. GDP?
A. You purchase a new car. B. You purchase 1,000 shares of stock. C. You pay a commission to your stock broker for selling some stocks that you owned. D. You purchase a new house.