The democratic political process is weighted in a manner that favors
A) contractionary over expansionary fiscal and monetary policies because changes in aggregate demand tend to affect output before they affect the price level.
B) contractionary over expansionary fiscal and monetary policies because changes in aggregate demand tend to affect the price level before they affect output.
C) expansionary over contractionary policies because changes in aggregate demand tend to affect output before they affect the price level.
D) expansionary over contractionary policies because changes in aggregate demand tend to affect the price level before they affect output.
C
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A shoe-store having a BOGO (buy one get one free) sale is what type of price discrimination?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
We can use a per-worker production function in the Malthusian model because
A) there is a representative worker. B) firms are competitive. C) there is a steady state. D) the production function has constant returns to scale.
Raymond Vernon's product life-cycle theory was based on the observation that for most of the 1900s the majority of the world's new products were developed in
What will be an ideal response?
Comment on the problem with this statement: “Of course, there are diminishing marginal returns from adding more workers to a fixed quantity of plant and equipment because additional workers are not as good as initial workers.”
Please provide the best answer for the statement.