Varying the quantity of output produced and sold at preset prices is called:
A. self-correcting economics.
B. Okun's law.
C. meeting demand.
D. spurring inflation.
Answer: C
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In the Keynesian model, interest rates are determined by
A) aggregate demand and aggregate supply. B) saving and investment. C) the demand for and supply of money. D) the velocity of money.
Prices of previously issued bonds have risen. It is likely that
A. market interest rates have fallen. B. the stock price must change but could either rise or fall. C. market interest rates have risen. D. market interest rates have remained unchanged.
Any event that decreases the value of the marginal product of labor will:
A. increase labor supply. B. decrease labor supply. C. increase labor demand. D. decrease labor demand.
The distance between the TC and the TVC curve
A. increases as output increases. B. decreases as output increases. C. is constant. D. is the MC curve.