Keynes emphasized the idea that wages and prices adjusted very rapidly bringing an economy back to the full employment level of output
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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A bank that improves its service may be able to __________ the rate on its loans and so __________ its net interest income
A) lower; lower B) lower; raise C) raise; lower D) raise; raise
Economics
Suppose the production function for T-shirts can be represented as q = L0.25 K0.75. Show that the production function has constant returns to scale
What will be an ideal response?
Economics