Keynesians believe that the economy will never will reach a full employment equilibrium.
Answer the following statement true (T) or false (F)
False
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The price of soft drinks increases. Which of the following is not part of the likely chain of events that follows from this price change?
A. The demand for fruit juices increases. B. The manufacturers of soda?canning machines lay off some workers. C. Producers of soft drinks increase their production of soft drinks. D. Some consumers of soft drinks reduce their consumption of soft drinks.
Given the values in the table above, if the real interest rate rises from 5 to 6, the change in household saving is ________
A) negative 0.5 B) negative 1.55 C) negative 0.45 D) 1.55 E) none of the above
In an unfunded pension system where current contributions are paid out to current beneficiaries, the total amount of funds available to invest _____ and the interest rate _____
a. falls; falls b. rises; rises c. falls; rises d. rises; falls
An economy's production possibilities frontier is fixed in the long run
a. True b. False