When the Keynesian-cross model is in equilibrium, income equals output and aggregate expenditure equals output
a. True
b. False
Indicate whether the statement is true or false
True
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In the short run, an unanticipated cut in the rate of inflation would
A) increase the unemployment rate. B) decrease the unemployment rate. C) unambiguously improve the misery index. D) lower the natural rate of unemployment.
The price of an airline ticket rises as the amount of time between purchase and flight departure gets smaller. The airlines base the policy on the assumption that
a. consumers are not aware of airline prices. b. consumer demand is unrelated to prices. c. consumer demand becomes more elastic as departure time approaches. d. consumer demand becomes more inelastic as departure time approaches.
Which of the followings statements is true?
A. The title of a research paper should be mentioned only in the introduction section. B. The title page should not include any other information except the title of the research paper. C. Graphs and tables should be included in the main body only. D. All equations should begin on a new line and should be numbered consecutively.
Suppose a worker is offered a wage of $8 per hour, plus a fixed payment of $100 per day, and he can use 24 hours per day. What is the minimum the worker can earn in a day?
A. $192 B. $50 C. $200 D. $100