The Keynesian region of the aggregate supply curve represents an economy with:
a. high unemployment and low inflation.
b. low unemployment and low inflation.
c. low unemployment and high inflation.
d. high unemployment and high inflation.
e. excess capacity but no unemployment or inflation.
a
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A mutual fund that is organized as a limited partnership with high minimum investments is called a
A) hedge fund. B) investment bank. C) mutual savings bank. D) money market mutual fund.
Assume the price of a movie is $10. Jenna demands 2 movies per week, Sam demands 3 movies per week, and Jordan demands 8 movies per week. From this information we can conclude that
A) the market quantity demanded at a price of $10 is at least 13 movies per week. B) Jordan is obviously more wealthy than either Sam or Jenna. C) Sam is irrational compared to Jenna or Jordan. D) the movie industry is unprofitable.