Which of the following is true?
A. To fight a depression, Keynes said that the government should spend money on carefully chosen projects.
B. According to Keynes, an equilibrium below full employment was a rare occurrence.
C. Keynes suggested that savers save and investors invest for different reasons.
D. Keynes believed the economy was basically stable.
C. Keynes suggested that savers save and investors invest for different reasons.
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With respect to monopolies, deadweight loss refers to the
A) socially unproductive amounts of money spent to obtain or acquire a monopoly. B) net loss in consumer and producer surplus due to a monopolist's pricing strategy/policy. C) lost consumer surplus from monopolistic pricing. D) none of the above
Higher interest rates in Iceland and the Baltic states in 2008-2009 were necessary to protect the value of their currencies against capital flight
a. True b. False Indicate whether the statement is true or false