Keynesian macroeconomists believe that the time it takes for falling wages and prices to eliminate a recessionary gap is __________ enough to say that the economy is __________
A) long; not self-regulating
B) long; self-regulating
C) short; not self-regulating
D) short; self-regulating
A
Economics
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The above figure shows the U.S. market for replacement cell phone batteries. Area C is the
A) deadweight loss from tariff. B) decrease in consumer surplus due to the tariff. C) increase in producer surplus due to the tariff. D) tariff revenue. E) loss in total surplus because of the tariff.
Economics
What are the three limitations on human rationality that behavioral economics emphasizes?
What will be an ideal response?
Economics