The Keynesian transmission mechanism might get blocked if
A) investment is insensitive to changes in interest rates.
B) the goods market is not in equilibrium.
C) the money supply increases too quickly.
D) interest rates are too high before they fall.
A
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Consider a firm that produces 500,00 . units per year. The firm's fixed costs are $100,000 . marginal costs are $250 and the price per unit is $400 . In the short-run, how low can price go before it is profitable to shut down?
a. $150 b. $250 c. $250.20 d. $400
A quota is
a. a tax placed on imports. b. a limit on the quantity of imports. c. a tax on exports to other countries. d. an excess of exports over imports.
Which of the following statements is most accurate regarding who benefits and loses from establishing a minimum wage above the market clearing wage?
A. All workers benefit equally from the establishment of the minimum wage because just as many workers as before remain employed, and all earn the higher minimum wage. B. Individuals who obtain jobs benefit because they earn a higher wage, but some individuals lose because employers will not hire them at the minimum wage. C. All employers benefit equally from the establishment of the minimum wage because they are able to hire fewer workers at a lower wage. D. All employers lose because they must pay the higher minimum wage to the same number of employees as they did before the minimum wage was established.
Refer to the below table and information. For maximum profits, how many labor-units will the monopsonist hire and what will be the wage rate paid?
In the table below, a monopsonist has the marginal-revenue-product schedule for labor given in columns 1 and 2, and the supply schedule for labor is given by columns 1 and 3.
A. 2 and $10
B. 3 and $11
C. 4 and $12
D. 5 and $13