According to the ________ economists, those who are not working have chosen not to work at the market wage.
A. neo-Marxist
B. Keynesian
C. classical
D. modern monetarist
Answer: C
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When the economy is in recession, does the Fed want to raise the federal funds rate so as to increase aggregate demand and increase real GDP? Explain your answer
What will be an ideal response?
A monopolist's demand function is P = 1624 - 4Q, and its total cost function is
TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. a. At what level of output and sales (Q) and price (P) will total profits be maximized? b. At what level of output and sales (Q) and price (P) will total revenue be maximized? c. At what price (P) should the monopolist shut down?
Historically, controlling who was able to vote was an important tool:
A. for those who wanted to keep other groups out of power. B. to discourage some from participating in policy making. C. to attract greater participation in the political system. D. for those seeking to create policy that was beneficial for all.
Refer to the information provided in Figure 6.14 below to answer the question(s) that follow.
Figure 6.14Refer to Figure 6.14. Jason maximizes utility at point
A. A. B. B. C. C. D. D.