Keynesians believe a change in the money supply cannot lower the unemployment rate.
a. true
b. false
b. false
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The money demand curve has a negative slope because
A) lower interest rates cause households and firms to switch from financial assets to money. B) lower interest rates cause households and firms to switch from money to financial assets. C) lower interest rates cause households and firms to switch from money to bonds. D) lower interest rates cause households and firms to switch from money to stocks.
If a monopolist is producing at that output where price equals average variable cost in the short run, then it is earning a negative profit
a. True b. False Indicate whether the statement is true or false
The aggregate demand curve shows the
A) total amount of nominal goods that the participants in the economy want to purchase. B) amount of goods producers will produce as production costs fall. C) total amount of real goods that foreigners want to purchase. D) total amount of planned expenditures on goods and services at each possible price level.
If each division of a company with a monopoly niche is allowed to set its transfer price at the profit-maximizing level for the next division as the product flows toward the consumer (assuming no external market for the product), then prices will:
A. match the competitive benchmark and profits will be zero. B. be lower and profits higher than with a non-divisional organization. C. be higher and profits lower than with non-divisional organization. D. be the same and profits will be the same as with a non-divisional organization.