In the traditional Keynesian model, if the government increases spending, then
A) consumption will increase, and so real Gross Domestic Product (GDP) will increase by more than the increase in government spending.
B) consumption will decrease, and so real Gross Domestic Product (GDP) will increase by less than the increase in government spending.
C) consumption will remain the same, and so real Gross Domestic Product (GDP) will increase by the same amount of the increase in government spending.
D) consumption will increase or decrease, and so real Gross Domestic Product (GDP) will increase or decrease depending on the change in consumption.
A
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Indicate whether the statement is true or false
Refer to Figure 14-6 Use the decision tree to determine whether Pizza Hut should deter Domino's from entering the market for pasta salad. Assume that each firm must earn a 25% return on investment to break even. Explain Pizza Hut's decision process
What will be an ideal response?
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A) falls; right; rises B) rises; right; falls C) falls; left; rises D) rises; right; rises
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a. established a legal minimum wage in manufacturing. b. ruled that union members have the right to strike and push for a closed shop. c. found the Boston Bootmakers' Society guilty of unlawful conspiracy. d. established the 10-hour day as the legal maximum in manufacturing. e. All of the above.