What is the most compelling evidence for the Keynesian interpretation of the Great Depression?
a. Increases in both the interest rate and the quantity of money
b. Decreases in both the interest rate and the quantity of money
c. An increase in the interest rate and a decrease in the quantity of money
d. A decrease in the interest rate and an increase in the quantity of money
b. Decreases in both the interest rate and the quantity of money
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What was the source of the problems encountered by many financial firms during the late 2000s?
What will be an ideal response?
Monopolistic competition and perfect competition differ because
A) only monopolistically competitive firms will set MR = MC. B) only perfectly competitive firms will set MR = MC. C) only monopolistic competition allows for entry of other firms in the long run. D) only competitive firms take the price as given.