The dominant Keynesian view of the 1960s and 1970s stressed that
What will be an ideal response?
changes in government spending and budget deficits can help stabilize an economy.
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Emerging nations refer to
A. countries that have per capita real GDP (Gross Domestic Product) levels beyond those of advanced nations. B. developing countries that has experienced high economic growth so that they are closer to advanced-nation status. C. developing countries that has never experienced economic growth despite their potential. D. developed countries that have continued to experience high economic growth.
Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ________, and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) rises; does not change D) falls; decreases E) falls; increases
Refer to Scenario 3 . What would have to occur for three huts to be produced along with 100 coconuts?
What will be an ideal response?
A daily auction at the Chicago Board of Trade sets
A) Federal funds rate. B) 10-year bond rate. C) Discount rate. D) Prime rate. E) Credit cards rate.