Which of the following is not an aspect of Keynesian economics?
A) Wages and prices tend to be inflexible downward.
B) Supply does not necessarily generate its own demand.
C) The interest rate is important in determining the level of investment, but not as important as other variables.
D) Unemployment above natural unemployment is always a brief and temporary phenomenon.
D
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In nations that cannot borrow in their own currencies, which exchange rate system is more destabilizing and less useful in terms of stabilizing GDP?
A) floating exchange rates B) fixed exchange rates C) banded exchange rates D) open pegs
The alternative to voluntary exchange is self-sufficiency.
Answer the following statement true (T) or false (F)
GNI per capita is gross national income divided by the population.
Answer the following statement true (T) or false (F)
The aggregate demand curve
A. slopes upward. B. slopes downward. C. is perfectly vertical. D. is perfectly horizontal.