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. Saving depends directly upon the level of income.
D. Unemployment is a temporary phenomenon.
D. Unemployment is a temporary phenomenon.
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Suppose the U.S. interest rate is 6 percent and the world interest rate is 5 percent. The U.S. interest differential is
A) -1 percent. B) 1.2 percent. C) 1 percent. D) -0.83 percent.
A leftward shift in the demand curve is called:
a. a decrease in demand. b. an increase in demand. c. a decrease in output. d. an increase in income.
Where do constraints come from?
What will be an ideal response?
A profit-maximizing monopolist facing the situation shown in the graph above should:
A. continue producing to make economic profits. B. shut down immediately. C. continue producing to minimize losses. D. continue producing as long as price is greater than marginal cost.