Modern Keynesians believe that fiscal stimulus raises interest rates, which eliminates an AD excess.
Answer the following statement true (T) or false (F)
False
Modern Keynesians believe that fiscal stimulus shifts the AD curve to the right, thereby restoring full employment.
Economics
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According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country
Indicate whether the statement is true or false
Economics
If the marginal productivity of labor is constant for all levels of output, then the average productivity of labor
A) is constant. B) equals the marginal productivity of labor. C) Both A and B above. D) Either A or B above but not both.
Economics