There is currently a resurgence in Keynesian macroeconomics, based on the assumptions of market ________ and ________ expectations
A) non-clearing, adaptive
B) non-clearing, rational
C) clearing, adaptive
D) clearing, rational
B
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Refer to the above table. The equilibrium real GDP is
A) $14 billion. B) $12 billion. C) $15 billion. D) $13 billion.
Which of the following is an example of an external benefit?
A) a ton of coal burned in a power plant to produce electricity B) a car accident that crowds a major Los Angeles freeway C) the production of a slice of pizza D) the cleanup of a large lake E) the consumption of a can of Mountain Dew
Suppose you get a tax refund of $20,000 and instead of spending it on items that had been on your wish list for two years, you put it all in your checking account at the First National Bank of Urbana. And if that deposit allows the bank to loan out $17,000 . then the potential money multiplier must be
a. 0.067 b. 0.117 c. 0.667 d. 1.176 e. 6.667
Coca-Cola has a secret formula that has never been copied. This is because Coca-Cola
a. is an unbalanced oligopoly b. has a trademark that cannot be copied c. has patent rights on the formula d. has exclusive access to formula information e. is a natural monopoly