The Keynesian model of macro equilibrium provided an explanation for the:
a. high rates of both unemployment and inflation experienced during the 2110s.
b. prolonged high rates of unemployment experienced during the 1930s.
c. low interest rates of the 1950s and 1960s.
d. budget surpluses and rapid growth of the U.S. economy during the 1990s.
b
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When using expert opinion, consumer surveys, test marketing, and price experiments to analyze consumer behavior, managers must consider whether the participating groups are representative of the larger population
Indicate whether the statement is true or false
The goods or services that firms in an oligopoly sell:
A. are not close substitutes. B. are close substitutes. C. are standardized. D. are either standardized or close substitutes.
The natural rate of unemployment occurs if there is no
What will be an ideal response?
Economics is a study of
A) how to make money in the stock market. B) how to run a business successfully. C) the allocation of scarce resources. D) personal finance.