International economic crises are relatively rare events

Indicate whether the statement is true or false

FALSE

Economics

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Refer to the below graph. Comparing a monopsony against a purely competitive labor market, the difference in the equilibrium wage rate will be:




A. W0 - W1

B. W1 - W2

C. W2 - W3

D. W1 - W3

Economics

Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary

Economics