The Keynesian theory of business cycle views volatile expectations of future sales and profits as the main source of economic fluctuations
Indicate whether the statement is true or false
TRUE
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How do orange growers react to the news of medical research findings that suggest that eating oranges leads to greater health benefits than were previously known? a. They increase the supply of oranges
b. They increase the quantity of oranges supplied. c. They decrease the supply of oranges. d. They decrease the quantity of oranges supplied.
Because of automatic stabilizers, when real GDP increases...
What will be an ideal response?
What are bilateral investment treaties?
What will be an ideal response?
If the unemployment rate for the United States economy rises from 7 to 11 percent during a year, we can conclude that:
A. Actual GDP exceeds potential GDP B. Actual GDP is less than potential GDP C. The economy is experiencing only frictional unemployment D. The natural rate of unemployment for the United States economy has risen