John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending,
a. this may benefit the economy in the short run, but not in the long run.
b. the economy will benefit in the short run and benefit by an even greater amount in the long run.
c. this will have a major negative impact on the economy in both the short run and in the long run.
d. this may benefit the economy in the long run, but could be counterproductive in the short run.
d. this may benefit the economy in the long run, but could be counterproductive in the short run.
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The figure below shows the supply and demand curves for oranges in Smallville. 
The marginal buyer values the tenth pound of oranges at ________.
A. $12 B. $8 C. $4 D. $0
The table above shows the transaction in Pinkland last year:
a) Calculate Pinkland's GDP. b) What approach did you use to make this calculation?
What are the implications for economic growth for countries specializing in consumer goods rather than capital goods? Assume that they cannot trade what they produce
What will be an ideal response?
In the above figure, the break-even output and price is
A) $9 and 14. B) $13 and 14. C) $11 and 16. D) $10 and 17.