Ans: D. the aggregate demand for goods and services.
Keynes argued that the primary determinant of the level of economic activity is
A. the amount of money there is to spend.
B. the aggregate price level.
C. the demand for labor.
D. the aggregate demand for goods and services.
Economics
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In the above figure, the slope across the arc between b and d is
A) 1/2. B) 1/3. C) 5/3. D) 6/5.
Economics
Why is it that North-South trade in manufactures seems to be consistent with the results or expectations generated by the factor-proportions theory of international trade, whereas North-North trade is not?
What will be an ideal response?
Economics
If fair insurance is offered to a risk-averse person, she will
A) buy enough insurance to eliminate all risk. B) not buy any insurance because it is overpriced. C) not buy any insurance since the marginal utility of the amount of the payment is positive. D) buy enough insurance to cover about half of the possible loss.
Economics
The real internal rate of return on a college education is about
A) 0%. B) 2.5%. C) 6.9%. D) 15%.
Economics