In a market capitalist economy, the what, how, and for whom problems are determined by
Answer: Both consumers and firms
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Monetarist and Keynesian theories of money demand differs in that
a. Monetarists assumes that the demand for money is highly inelastic while Keynes assumes money demand is elastic. b. Monetarists assumes that the money demand function is highly stable while Keynes assumes it is unstable. c. Monetarists assumes that there is only a transactions demand for money while Keynes also considers the precautionary and speculative demands for money. d. Monetarists assume that the proportion of income held in theform of money is constant while Keynes believes it varies. e. all of the above.
In 2012, approximately what percent of the national debt was held by federal government agencies?
a. 1 percent b. 19 percent c. 29 percent d. a little more than 80 percent
If the labor pool effect of globalization is weaker than the market expansion effect, then globalization will lead to a(n)________ in wages and a(n)________ in the number of workers hired.
A. decrease; increase B. increase; decrease C. decrease; decrease D. increase; increase
Consumer choice theory generally concludes that is based on the hypothesis that each consumer wants to
A. maximize her total utility. B. maximize her marginal utility. C. minimize the rate at which her marginal utility diminishes. D. minimize the percentage of her consumption diverted to inferior goods.