Keynes believed equilibrium income was:
A. not fixed at the economy's potential income.
B. always below the economy's potential income.
C. fixed at the economy's potential income.
D. always above the economy's potential income.
Answer: A
Economics
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Which of the following differs between a perfectly competitive market and a market with a perfectly price discriminating monopoly?
A) The amount of producer surplus B) The quantity produced C) The total surplus D) None of the above because they are all the same in a perfectly competitive market and in a market with a perfectly price discriminating monopoly.
Economics
The legally established value of a country's monetary unit in terms of another under the Bretton Woods system was called the
A. par value. B. dirty float. C. exchange rate. D. special draw.
Economics