The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of miners is Qs = 0.02W - 200 and Qd = 500 - 0.02W, where W is the annual wage of a coal miner and Q is the number of coal miners. What is the profit maximizing number of coal miners for the coal mine to hire?

Positive economics statements are testable

Indicate whether the statement is true or false

John Maynard Keynes sought to solve the economic problem of the Great Depression, which was the coexistence of

A. high production and high inflation. B. low production and low unemployment. C. low production and high unemployment. D. high production and low inflation.