In the Keynesian model, equilibrium occurs when aggregate output equals aggregate expenditures
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The weak euro in 1999-2000 put upward pressure on inflation in Europe by increasing the price of imported goods
Indicate whether the statement is true or false
Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of producers restricted diamond sales to maximize profits
De Beers and its association was "the only game in town" and had what is A) a cartel. B) a duopoly. C) monopolistic competitor. D) perfect competitor.
Without usury laws interest rates would be _____________________.
Fill in the blank(s) with the appropriate word(s).
Describe in general terms four or five characteristics of less-developed countries.
What will be an ideal response?