Low levels of sales that cause low levels of investment spending is an example of a

a. vicious circle.
b. virtuous circle.
c. convergence circle.
d. divergence circle.


a

Economics

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Explain the difference between a positive production externality and a positive consumption externality

What will be an ideal response?

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In the above figure, if a subsidy is granted to producers that generates an efficient level of production, then the deadweight loss will be

A) zero. B) $500 C) $1,000. D) $2,000.

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Cyclical unemployment refers to unemployment resulting from:

a. a mismatch of skills. b. being in the wrong geographical location. c. the time and monetary cost of finding the best job. d. a recession.

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Keynesian economics focuses on the role of aggregate spending in determining the level of real GDP

a. True b. False Indicate whether the statement is true or false

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