A falling price level in conjunction with rising output would be evidence in favor of which model?
a. Keynesian model.
b. monetarist model.
c. real business cycle model.
d. a and b.
e. none of the above.
C
Economics
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If increases in capital per worker lead to increased output per worker, but by decreasing amounts as capital increases, the per-worker production function _____
a. is vertical b. has a decreasing slope c. has an increasing slope d. has a negative slope e. is horizontal
Economics
Suppose there was a substantial increase in political instability in the rest of the world. What would be the effects on the U.S. current account? Explain
What will be an ideal response?
Economics