In the Keynesian model, a $5 billion decrease in autonomous planned investment leads to ________ in short-run equilibrium output.

If the minimum wage law sets a price floor that is below the equilibrium wage in the unskilled labor market, the minimum wage will create a shortage of unskilled labor

Indicate whether the statement is true or false

In the United States, direct expenditures for governments between 1933 and 1943

A. Trended down for all governments. B. Trended up for state and local governments and down for the federal government. C. Trended up for all governments. D. Trended down for state and local governments and up for the federal government.