Starting with the Great Depression, macroeconomic policies became more influenced by
A. supply-side theories.
B. Marxist theories.
C. Classical theories.
D. Keynes' theories.
Answer: D
You might also like to view...
Refer to Figure 2-14. Which country has a comparative advantage in the production of snow cones?
A) Greenland B) They have equal productive abilities. C) Iceland D) neither country
Which of the following is not counted as a part of GDP?
a. the purchase of 100 shares of AT&T stock by your grandfather b. the purchase of a snow plough by the city of Minneapolis c. the unsold additions to inventory at an appliances store d. the purchase of a loaf of bread by a consumer
A binding price floor is: a. set with the aim of increasing the consumer surplus. b. set at the equilibrium price level
c. set below the equilibrium price level. d. set above the equilibrium price level.
Table 24.1Monopoly Costs and RevenueQuantityPriceTotal Cost1$500$4002$450$6503$400$9504$350$1,3005$300$1,700In Table 24.1, according to the profit maximization rule, at the profit-maximizing level of output marginal, cost is
A. $300. B. $200. C. $350. D. $250.