A fundamental criticism of Time on the Cross is that economics cannot be used to simply compare the welfare of the slaves to their free, white counterparts
Indicate whether the statement is true or false
True
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Keynes was especially concerned with explaining the ________ level of output and employment during the ________
A) low; 1920s B) low; 1930s C) high; 1920s D) high; 1930s
Let C = 200 + .8(Y-T), planned investment equals 150, and T equals 200 . If the equilibrium level of income is 2,000, then the level of government spending needed to make this true is
a. 210. b. 250. c. 50. d. 10. e. none of the above.
When full employment is present in the United States:
a. the rate of unemployment will fall to zero. b. the actual rate of unemployment will be less than the natural rate of unemployment. c. approximately 95 percent of the adult population will be employed. d. approximately 95 percent of the labor force will be employed.
Incentives for borrowers and savers in the loanable funds market are determined by the nominal interest rate as opposed to the real interest rate
a. True b. False Indicate whether the statement is true or false