According to Keynes, the primary cause of large-scale unemployment is inadequate _____.
Fill in the blank(s) with the appropriate word(s).
aggregate demand
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If the government borrows money to finance additional spending when the economy is operating at full capacity, then we would expect
A. interest rates to rise and prices to fall. B. interest rates to fall and prices to rise. C. neither interest rates nor prices to rise. D. both interest rates and prices to rise.
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
If the price of airline tickets falls, what will happen to the demand curve for flight attendants?
a. It will shift to the right. b. It will shift to the left. c. The direction of the shift is ambiguous. d. It will remain unchanged.
In which of the following U.S. occupations is the rate of unionization the highest?
A. Protective services. B. Sales workers. C. Managers. D. Transportation workers.