Real GDP is ________ determined in the classical model and ________ determined in the Keynesian model

A) supply; supply
B) supply; demand
C) demand; supply
D) demand; demand


B

Economics

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Along with changes in the level of economic activity, measured by GDP, what other economic variable tends to rise and fall as a consequence?

A. Precipitation B. Regulation C. Circulation D. Unemployment

Economics

Explain what is meant by investment by MNCs encouraging inappropriate consumption

What will be an ideal response?

Economics

Which of the following is not a possible solution to the holdout problem?

a. eminent domain b. contingency contracts c. Dutch auction d. hiding your intentions

Economics

In a situation in which internal costs differ from social costs, we say that there exists a(n)

A) welfare loss. B) welfare benefit. C) internality. D) externality.

Economics