In the Keynesian model, government spending is considered
A) a positive function of real GDP.
B) a negative function of real GDP.
C) to be a negative function of the real interest rate.
D) to be autonomous.
D
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If a firm sells its product in a monopolistic market, even though the firm operates in a perfectly competitive labor market, the firm will employ workers up to the point where
A) TR = TC. B) the MRP = the wage rate. C) the MRP = the marginal physical product of labor. D) the MRP = the output price.
If foreigners are restricted in their ability to buy investments in a country then that government is imposing:
A. controls on capital inflows. B. fixed exchange rates. C. controls on capital outflows. D. controls on both capital inflows and outflows.
Describe the various ways immigrants can legally enter into the United States
What will be an ideal response?
The market demand that is NOT met by other sellers in a market is known as a firm's
A) excess demand curve. B) market demand curve. C) residual demand curve. D) leftover demand curve.