What do the Monetarist and Keynesian economists claim was the main cause of the Great Depression?
(a) A contraction in supply
(b) A downturn in demand
(c) The falling federal deficit
(d) All of the above
(b)
Economics
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Refer to Figure 3.2. Betty's dominant strategy is
A) North. B) West. C) East. D) Betty has no dominant strategy.
Economics
Jeep Cherokees are a normal good. If people's incomes increase, the direct result will be
A) an increase in the supply of the vehicles. B) a decrease in the demand for the vehicles. C) an increase in the demand for the vehicles. D) Both answers A and C are correct.
Economics