In the Keynesian model in the short run, a decrease in government purchases causes output to ________ and the real interest rate to ________

A) fall; rise
B) fall; fall
C) rise; rise
D) rise; fall

B

Economics

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Summarize the three conditions cited in the text under which a cartel is most likely to succeed. Of these three, which do you think is most important? Why?

What will be an ideal response?

Economics

In the above table, what is the marginal revenue product of the 4th worker?

A) $92 B) $70 C) $40 D) $8

Economics