According to Keynes, involuntary unemployment is possible because of
A) the existence of capital markets.
B) long-term labor contracts and the existence of labor unions.
C) government interference in the market economy.
D) inflation.
B
Economics
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Which of the following decreases the supply of popcorn?
A) a decrease in the price of popcorn B) an increase in the price of popcorn C) a technological advance in the production of popcorn D) a decrease in the number of popcorn producers
Economics
If an increase in autonomous consumption spending of $25 million results in a $100 million increase in equilibrium real GDP, then
A) the MPC is 0.25. B) the MPC is 0.75. C) the MPC is 0.8. D) the MPC is 2.5.
Economics