According to Keynes, aggregate supply determines the level of economic activities in the economy.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Farm prices fell sharply in 1919–21 . Then, until 1929, the farm "terms of trade" (the movement of farm prices relative to the movement of non-farm prices)
(a) collapsed by more than half. (b) remained essentially unchanged. (c) actually rose. (d) collapsed, but only slightly.
The name of the currency now being used throughout the European Monetary Union is the __________.
Fill in the blank(s) with the appropriate word(s).
A monopolist will earn economic profits when
A. AVC is a minimum. B. ATC equals MC. C. ATC lies below the demand curve. D. ATC lies above the demand curve.
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force is 150 million. The number of unemployed workers in this economy is:
A. 6 million B. 9 million C. 12 million D. 24 million