Keynesian economics focuses on:
A. both the long run and the short run.
B. the long run.
C. the short run.
D. neither the long run nor the short run.
Answer: C
Economics
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Which of the following best characterizes the relationship between aggregate demand and aggregate consumption expenditures under the aggregate expenditure model?
a. loosely dependent b. essentially equal c. completely irrelevant d. often misunderstood
Economics
Suppose a U.S. firm purchases some English china. The china costs 1,000 British pounds. At the exchange rate of $1. 45 = 1 pound, the dollar price of the china is
A. $690. B. $250. C. $1,450. D. $2,000.
Economics