Which of the following is not a reason why aggregate demand decreased following the housing bubble collapse?
A. People stopped investing in homes.
B. Consumption decreased.
C. Business investment decreased.
D. Costs of production increased throughout the economy.
D. Costs of production increased throughout the economy.
Economics
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What is an attempt to monopolize an industry?
What will be an ideal response?
Economics
In the Keynesian model, the real wage is mildly procyclical because
A) demand for labor fluctuates with the demand for final goods. B) firms take advantage of recessions to pay slightly lower wages, since there's excess labor supply. C) workers' effort may depend on the unemployment rate and the real wage. D) the supply of labor fluctuates with the business cycle.
Economics