________ economics includes the idea that labor markets don't always clear due to wage rigidities.
A. Keynesian
B. New Classical
C. Monetarist
D. Classical
Answer: A
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
What are the implications for economic growth for countries specializing in consumer goods rather than capital goods? Assume the countries consume what they produce
What will be an ideal response?
The unemployed are disproportionately represented among the uninsured because:
A. one must be working to qualify for Medicaid. B. most workers obtain health insurance through their employers. C. most are young and in excellent health, so they choose not to purchase health insurance. D. a large percentage of the unemployed are heads of single-parent families.
The mathematics of amortization for mortgage loans must utilize the
A. period of time over which the debt will be repaid. B. borrower's ethnicity. C. borrower's marital status. D. all of the options are correct.