For Keynes, the most important determinant of employment and output is _____.
Fill in the blank(s) with the appropriate word(s).
aggregate demand
You might also like to view...
In examining consumer behavior, one of the constraints faced by consumers is
a. happiness b. quantities consumed c. tastes and preferences d. entrepreneurial ability e. income
The market clearing assumption is
a. a central assumption of the short-run macro model b. the idea that prices in every market will adjust until quantity supplied and quantity demanded are equal c. the idea that excess supply always leads to an increase in demand d. the idea that markets only work when they are in equilibrium e. believed by most economists today to be an unreasonable assumption
Economists have found that union workers earn about 30 to 40 percent more than similar workers who do not belong to unions
a. True b. False Indicate whether the statement is true or false
The supply of dollars in foreign exchange markets is
A) determined by the Federal Reserve's Board of Governors. B) determined by the demand for U.S. goods. C) determined by the U.S. demand for foreign goods. D) a function of the international banking system.