In the simple Keynesian framework, the price level
A) is fixed.
B) varies directly with unemployment.
C) varies inversely with wages.
D) is indeterminate.
A
Economics
You might also like to view...
The condition of fully flexible wages and prices was assumed by
A) no economists. B) the classical economists. C) modern economists. D) the Keynesian economists.
Economics
Everything else equal, if the dollar appreciates against the peso:
A) U.S. will export more to Mexico and will import less from Mexico. B) U.S. exports to Mexico and imports from Mexico will decrease. C) U.S. exports to Mexico and imports from Mexico will increase. D) U.S. will import more from Mexico and will export less to Mexico.
Economics