Keynesian economists think general equilibrium is not attained quickly because
A) the real interest rate adjusts slowly.
B) the level of output adjusts slowly.
C) the real wage rate adjusts slowly.
D) the price level adjusts slowly.
D
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At E1, what is the value of the U.S. dollar?
a. less than 1.00 euro
b. 1.50 euro
c. 1.90 euro
d. greater than 1.90 euro
How is the public debt calculated?
a. By adding up consumption, investment, government purchases, and net exports and then cumulating the annual totals over the years of the nation b. By subtracting consumption and investment from government spending each year and then cumulating the annual totals over the years of the nation c. By subtracting current government spending from current government tax revenues d. By adding up the difference between annual government tax revenues and annual government spending and cumulating the differences over the years of the nation