Keynesian economics refers to the perspective that the business cycle represents
A) equilibrium.
B) disequilibrium.
C) long-run macroeconomic fluctuations.
D) short-run macroeconomic stability.
B
Economics
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A decrease in wealth ________ consumption expenditure and ________
A) increases; shifts the consumption function upward B) increases; shifts the consumption function downward C) decreases; results in a movement downward along the consumption function D) decreases; shifts the consumption function downward E) decreases; shifts the consumption function upward
Economics
Explain why a relative price is an opportunity cost
What will be an ideal response?
Economics