Assume that C = $1,500 + 0.80(Y) and intended investment = $500 . Then the equilibrium level of national income is

As the quantity of labor employed increases, the production functions exhibits a

A) positive, linear relationshi

Keynesian macroeconomists argue that the short-run Phillips curve ________ represent a usable trade-off for policymakers because ________

A) does; prices are sticky B) does; prices are not sticky C) does not; prices are not sticky D) does not; prices are sticky