In the Keynesian DMP model
A) There is a fiscal multiplier.
B) The government post vacancies in the labor market.
C) There is no unemployment.
D) There can be more than one wage consistent with equilibrium.
D
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Policymakers have generally come to accept the view that advertising enhances the efficiency of markets
a. True b. False Indicate whether the statement is true or false
Suppose that when the price of donuts rises 10%, the quantity demanded of donuts falls 3%. Based on this information, what is the approximate absolute price elasticity of demand for donuts?
A. 0.3 B. 1.3 C. 30 D. 3.33
Which of the following actions by the Fed would increase the money supply?
a. Reducing the required reserve ratio. b. Selling government bonds in the open market. c. Increasing the discount rate. d. None of these.
A graphic illustration of the cumulative size distribution of income is known as the
A. Okun curve. B. Gini coefficient. C. Size distribution of income. D. Lorenz curve.