Which of the following statements is true?
A) Keynes believed wages are inflexible downward but prices (of goods and services) are flexible.
B) Keynes believed an economy could get stuck in a recessionary gap.
C) Keynes originated the idea of efficiency wages.
D) Keynes believed the economy is self-regulating.
E) b and c
B
Economics
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For every dollar's worth of government securities the Fed sells, the money supply
A) rises by more than $1. B) rises by less than $1. C) falls by less than $1. D) falls by more than $1.
Economics
If you go to a bar tonight and have three beers before going home to study economics, will you likely receive some consumer’s surplus? Explain why or why not.
What will be an ideal response?
Economics