__________ argue that any exogenous decrease in investment spending would be countered automatically by either increased consumption or interest-sensitive investment spending
A) Monetarists
B) Keynesians
C) Classical economists
D) None of the above.
A
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Give some possible explanations of the productivity slowdown in the United States that occurred in the 1973–1995 period.
What will be an ideal response?
Research indicates that on average, state government unions have
A) raised wages to 35 percent above nonunionized government workers. B) reduce wages 20 to 30 percent below nonunionized private-sector and government workers. C) raised wages about 100 percent above similar workers in the nonunion private sector. D) have not significantly raised wages above similar workers in the nonunion sector.
Refer to the above table. What are total costs at an output of 3 units?
A. $270 B. $120 C. $150 D. $90
Tariffs or quotas on an imported product:
A. Benefit domestic producers of the product B. Benefit domestic consumers of the product C. Benefit foreign producers of the product D. Hurt foreign consumers of the product