Keynesians believe that budgetary restraint should be used to cool an overheated economy.
Answer the following statement true (T) or false (F)
True
Keynesians believe in government intervention through fiscal and monetary policy to maintain full employment.
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Using the figure above, suppose education is provided by public colleges, where tuition is set at $10,000 a year. Then, ________ million students are enrolled, and the taxpayers cover ________ of marginal cost per student
A) 15; $15,000 B) 7.5; $5,000 C) 3.5; none D) 15; $25,000 E) 7.5; $15,000
A firm's shutdown point is the output and price at which the firm's total revenue just equals its total variable cost
Indicate whether the statement is true or false
Stock and Watson found that ________ was responsible for about 20—30 % of the reduction in output volatility that occurred in the mid-1980s
A) reduced shocks to productivity B) reduced shocks to food and commodity prices C) better monetary policy D) better inventory control
Which of the following is considered a microeconomic issue?
A. The unemployment rate in the US from 1980-2014. B. Apple releases a new version of the iPhone. C. France’s growth rate in the last year. D. All of these are examples of microeconomic issues.