Which of the following schools of thought believes that wages and prices are rigid in the short run?
a. Keynesians and new Keynesians
b. Only monetarists
c. Only new classical economists
d. Monetarists and new classical economists
e. Monetarists and Keynesians
a
Economics
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Because of the circular flows of expenditure and income in the economy, total ________ equals total ________ equals total ________
A) expenditure; investment; income B) expenditure; income; value of production C) consumption; expenditure; value of production D) investment; income; consumption E) consumption; investment; expenditure
Economics
Scarcity is a problem that will eventually disappear as technology advances
Indicate whether the statement is true or false
Economics