The impact of the national debt on the? economy's unemployment is an example of
A. irrational economics.
B. macroeconomics analysis.
C. microeconomic analysis.
D. behavioral economics.
Ans: B. macroeconomics analysis.
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In the traditional Keynesian model, an increase in government spending leads to all of the following EXCEPT
A) a higher price level. B) an increase in aggregate demand. C) an increase in consumption. D) higher real GDP.
In the long-run, the entry of new firms in a competitive market shifts the aggregate supply curve to the left
a. True b. False Indicate whether the statement is true or false
What is rent seeking?
What will be an ideal response?
Which of the following about capital income is not correct?
A) It refers to a firm's revenue. B) It is also called profit income. C) It goes to the firms. D) It accounts for less than 35% of income in advanced countries.