John Maynard Keynes concluded that investment spending is determined by
a. business confidence.
b. economic expectations.
c. psychological perceptions about the economy.
d. All of the above are correct.
d
Economics
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In the above figure, the monopsonist will employ
A) L2 at a wage of W2. B) L2 at a wage of W3. C) L1 at a wage of W1. D) L1 at a wage of W3.
Economics
If the market price is $40 in a perfectly competitive market, the marginal revenue from selling the fifth unit is
A) $8. B) $20. C) $40. D) $200.
Economics