Keynes argued that I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices

From World War II through 2010, the United States experienced ________ recessions

A) 2 B) 5 C) 11 D) 15

Productive efficiency is achieved when firms produce goods and services

A) at the highest profit margin. B) at the lowest cost. C) most desired by society. D) of the highest quality.