According to the Keynesian model, real wages should
A) remain constant.
B) fall during recessions.
C) rise during recessions.
D) stay the same during recessions but rise during expansions.
C
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When firms in the same industry locate in the same geographic region, it is known as dumping
a. True b. False Indicate whether the statement is true or false
In the long run, the price level in an economy is determined solely by:
a. the aggregate demand curve. b. the amount of cyclical unemployment in the economy. c. the long-run aggregate supply curve. d. the short-run aggregate supply curve. e. the actual output level.
The notion of ________ is that through income redistribution, the rich sacrifice a little and the poor gain a lot.
A. Rawlsian justice B. utilitarian justice C. labor value D. distributional justice
What is the importance in macroeconomics of measuring per capita GDP?
What will be an ideal response?