The degree to which monetary forces are the cause of aggregate demand instability is the major controversy between
a. classicists and Keynesians.
b. monetarists and new classical economists.
c. real business cycle theorists and classicists.
d. monetarists and Keynesians.
e. None of the above
D
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The contention that domestic unions tend to want to restrict foreign competition with tariffs is
A) a national defense concern. B) the infant industry argument. C) dumping. D) to protect domestic jobs.
Wage discrimination occurs when people are paid different salaries based upon: a. education
b. ethnicity. c. willingness to work. d. talent.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90
To the average consumer, the marginal utility of a second copy of today's newspaper is:
A. Constant B. Increasing C. Close to zero D. Close to one