Keynesians are skeptical of the classical theory that recessions are periods of increased mismatch between workers and jobs because
A) help-wanted advertising falls during recessions.
B) help-wanted advertising rises during recessions.
C) workers spend a lot of time searching for work in recessions.
D) people are indifferent between being employed or not.
A
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Refer to Scenario 17.2. The highest level of y* that can be set and still have the high-productivity people choose to meet it is
A) 90. B) 60. C) 30. D) 22.5. E) 15.
America's prosperity and economic growth is secure for the foreseeable future
a. True b. False Indicate whether the statement is true or false
If Dave and Jesse are the only two fishermen in town and neither is bothered by the other's fishing, the lake they fish in is not a common resource
a. True b. False Indicate whether the statement is true or false
The flow of ________ increases the stock of ________.
A. money; income B. saving; wealth C. investment; profits D. consumption; income