Keynes believed that a market-driven economy was inherently unstable.
Answer the following statement true (T) or false (F)
True
Keynes urged government to intervene to maintain full employment during periods of economic downturn.
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To say that an individual displays a positive rate of time preference mean
A) She prefers to have more time rather than less time in her day. B) She prefers to have less time rather than more time in her day. C) She prefers goods sooner rather than later in the future. D) She prefers goods later rather than earlier in the future.
A ________ is a payment or a tax break used as an incentive for an agent to complete an activity
A) tariff B) subsidy C) wage D) rent
The committee of the National Bureau of Economic Research that determines when a recession in the U.S begins and ends looks at
a. employment, industrial production, sales, and personal income. b. real GDP. c. employment and sales. d. employment. e. sales and industrial production.
Cartel prices are inherently stable.
Answer the following statement true (T) or false (F)