Capital deepening occurs when new technology is applied to production

Keynesians believe that Select one

a. aggregate demand changes tend to induce aggregate supply changes, offsetting any effect from changes in government expenditures. b. money wage rate adjustments will quickly eliminate unemployment. c. the economy will normally operate at full employment. d. change in business confidence can affect the amount of investment in the economy.

A monopsonist will hire more workers than will be hired in a competitive labor market

a. True b. False Indicate whether the statement is true or false