Last year, Casey grew fresh vegetables, which she sold at her local farmers market, but this year, Casey did not plant any vegetables and went to work at a bank instead. Which of the following best explains Casey's career change?
A. Casey's opportunity costs of gardening exceeded Casey's opportunity costs of working at the bank.
B. Casey's opportunity costs of working at the bank exceeded Casey's opportunity costs of gardening.
C. Casey's opportunity costs of gardening exceeded Casey's benefits from working at the bank.
D. Casey's opportunity costs of working at the bank exceeded Casey's benefits from gardening.
Answer: A
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Which has a larger effect on aggregate demand: an increase in government expenditure or an equal sized decrease in taxes? Explain your answer
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The development most responsible for the wide-spread introduction of macroeconomic models built upon solid microeconomic foundations was the
A) work of John Maynard Keynes. B) rational expectations revolution. C) popularization of supply-side economics. D) development of the Keynesian coordination failure model.