Which of the following statements is (are) correct? Keynesians criticize the new classical theory because
a. the new classical model cannot explain changes in expectations.
b. of the contracting market characterization of the labor market.
c. the rational expectations assumption ascribes an extreme and unrealistic availability of information to market participants.
d. All of the above
C
Economics
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If the savings rate in an economy is 30%, and the level of investment in the economy is $400, the GDP of the economy must be:
A) $1,900.25. B) $1,111.22. C) $1,333.33. D) $1,750.50.
Economics
When the price level rises, the real interest rate ________ and the quantity of real GDP demanded ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) does not change; does not change
Economics