According to Keynes, the level of employment is determined by
A. flexible wages and prices.
B. interest rates.
C. the level of aggregate demand for goods and services.
D. price and wages.
Answer: C
Economics
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Refer to Figure 4.1. A Nash equilibrium can be found at
A) (Up; Top; Left) B) (Up; Top; Right) C) (Down; Bottom; Right) D) There is no Nash equilibrium.
Economics
The figure above illustrates the marginal benefit and marginal cost of different quantities of national defense. What is the political equilibrium if voters are well informed?
A) 0 units B) between 0 and 3 units C) 3 units D) 5 units
Economics