In the Keynesian model of an open economy, a temporary decrease in government purchases would ________ the domestic real interest rate and ________ net desired saving (desired saving less desired investment) in the economy

The measured unemployment rate will be understated when

A) unemployed workers become discouraged and drop out of the labor market. B) unemployed people that are not actively looking for a job are not counted as part of the labor force C) people pretend to be looking for a job D) All of these.

The idea that consumers will not consistently discount the future over time is known as ________

A) intertemporal choice B) tertiary inversion C) hyperbolic discounting D) antediluvian Machiavellianism