If at a given real interest rate desired national saving is $140 billion, domestic investment is $90 billion, and net capital outflow is $60 billion, then at that real interest rate in the loanable funds market there is a

Before the Great Depression, macroeconomic theory was dominated by the ________ approach that presumed the essential ________ of the private economy

A) Keynesian, stability B) Keynesian, instability C) old classical, stability D) old classical, instability

Suppose there are two industries, A and B. Suppose that mergers are proposed in both industries, and the Herfindahl-Hirschman Index would increase by 500 in each one. If antitrust officials allow the mergers in industry A but challenge the mergers in industry B, the most likely explanation is that

a. there are political motivations to antitrust enforcement b. industry A was already less competitive than industry B c. industry A had a balanced oligopoly and industry B did not d. industry A started as a more competitive industry than B e. antitrust authorities made a random decision