Unemployment insurance benefits the macroeconomy by supporting purchasing power.
Answer the following statement true (T) or false (F)
True
Economics
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In the Keynesian model, whenever planned saving exceeds planned investment
A) the interest rate will remain unchanged. B) there will be unplanned inventory depletion. C) real GDP will not be influenced. D) there will be unplanned inventory accumulation.
Economics
Joan's income has just risen from $940 per week to $1,060 per week. As a result, she decides to purchase 12 percent more lettuce per week. The income elasticity of Joan's demand for lettuce is
A) 0.75. B) 0.90. C) 1.00. D) 1.33.
Economics