"A lower price level may lower the interest rate, but investment demand may not respond to this." This is a statement a __________ economist might make as an explanation of why the economy __________ pull out of a recession
A) Classical; will
B) Classical; may not be able to
C) Keynesian; will
D) Keynesian; may not be able to
D
Economics
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A PPF will not shift because of an increase in
a. the stability of the rules of the game b. capital stock c. resource availability d. unemployment e. technological change
Economics
Other things constant, an increase in the price of beef will: a. encourage consumers to buy more beef
b. discourage consumers from buying as much beef. c. shift the demand curve for beef to the right. d. shift the demand curve for beef to the left.
Economics