The big-push strategy relies on investments that are designed especially to
a. create production facilities
b. check the infrastructure that impedes development
c. combat infant mortality rates
d. develop human capital
e. create simultaneously a vast network of markets whose demands and supplies are created by the investments
E
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Suppose the price of a can was $5.14. In this case, to maximize its profit the firm illustrated in the figure above would
A) increase its production and would make an economic profit. B) not change its production and would make zero economic profit. C) not change its production and would make an economic profit. D) increase its production and would incur an economic loss. E) not change its production and would incur an economic loss.
"Complete" crowding out of fiscal policy occurs when the
A) LM curve is horizontal. B) LM curve is upward-sloping. C) LM curve is vertical. D) IS curve is vertical.
The size of the spending multiplier depends on the level of real GDP
a. True b. False Indicate whether the statement is true or false
Neo-Keynesians believe that the market power exercised by unions, monopolies, and particular resource suppliers created the Phillips curve
Indicate whether the statement is true or false