The ________ due to a countercyclical policy during a recession is ________ when wages are downwardly rigid than when wages are flexible
A) increase in employment; lower B) increase in interest rates; lower
C) increase in employment; higher D) increase in taxes; higher
C
Economics
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Which of the following ideas are NOT demonstrated by the PPF?
a. Efficiency b. Scarcity c. Opportunity cost d. Diminishing returns to scale
Economics
If individuals are rational, they should choose actions that yield the:
A. smallest economic surplus. B. largest economic surplus. C. smallest total costs. D. largest total benefits.
Economics