A weakness of the simple Keynesian model is that it does not recognize that because the transactions demand for money __________ as income increases, the interest rate __________ as income rises
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
A
Economics
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Using the data in the above table, the labor force is ________ million
A) 215 B) 120 C) 125 D) 165
Economics
The supply curve shows the relationship between the
A) cost of production and the price of the product. B) cost of resources and cost of production. C) price of the product and quantity supplied. D) quantity demanded and the quantity supplied.
Economics
In the market for production, households offer resources like _____ in return for _____
a. labor; income b. land; profit c. land; human capital d. labor; revenue
Economics
If borrowers and lenders expect a higher rate of inflation, what happens to interest rates?
What will be an ideal response?
Economics