The dominant Keynesian view of the 1960s and 1970s stressed that

What will be an ideal response?

changes in government spending and budget deficits can help stabilize an economy.

Economics

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Fill in the blank: Your textbook authors suggest ________ is the goal of a price-searching firm

A) just getting by B) maximizing sales C) maximizing net revenue D) maximizing total revenue E) maximizing the markup

Economics

In the long-run equilibrium, perfectly competitive firms make zero economic profit because of

A) government regulations. B) the ability of firms to enter and exit. C) inefficient production processes. D) high fixed costs.

Economics