Keynes believed
A. lowering wages could cure a depression.
B. the interest rate was more important than the expected rate of profit in determining the level of investment in an economy.
C. our economy always tends toward full employment.
D. aggregate demand was more important than aggregate supply in the short run.
D. aggregate demand was more important than aggregate supply in the short run.
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When firms select the solution that is better for all parties, the ________ is satisfied
A) Nash equilibrium condition B) Pareto Criterion C) coordination game requirement D) pure strategy requirement
If the price of apples went down by 20 percent, which of the following values of the cross price elasticity for boats would be most reasonable to anticipate?
A) 0.0 B) 2.0 C) -2.0 D) -20