Data on unemployment indicate that most people who become unemployed will soon find jobs
a. True
b. False
Indicate whether the statement is true or false
True
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At the competitive equilibrium:
A) the demand curve is tangential to the supply curve. B) the quantity demanded exceeds the quantity supplied of a good. C) the quantity supplied exceeds the quantity demanded of a good. D) the quantity demanded is equal to the quantity supplied of a good.
The Keynesian theory of business cycle views volatile expectations of future sales and profits as the main source of economic fluctuations
Indicate whether the statement is true or false
Carefully define the following terms and explain their importance in the study of macroeconomics:
a. expenditure schedule b. saving schedule c. equilibrium GDP d. leakages schedule e. injections schedule
The invention of genetically engineered corn that prevents yield loss due to corn rootworm will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.