Related to the Economics in Practice on p. 550: In the simple "Keynesian" view, maximum output is not defined by the
A. current capital stock.
B. existing state of technology.
C. existing labor force.
D. level of consumption.
Answer: D
You might also like to view...
Structural unemployment usually lasts longer than frictional unemployment
Indicate whether the statement is true or false
Human capital includes the machinery, equipment, and other manufactured creations used to produce goods and services
a. True b. False Indicate whether the statement is true or false
Net capital outflow equals the purchase of
a. foreign assets by domestic residents. b. domestic assets by foreign residents. c. domestic assets by foreign residents - the purchase of foreign assets by domestic residents d. foreign assets by domestic residents - the purchase of domestic assets by foreign residents
If $.80 U.S. = $1.00 Canadian,
A. a U.S. nickel is worth four Canadian cents. B. a U.S. quarter is worth 40 Canadian cents. C. 40 Canadian cents are worth 50 U.S. cents. D. $.04 U.S. is worth 5 Canadian cents.