Keynesians are skeptical of the classical theory that recessions are periods of increased mismatch between workers and jobs because
A) help-wanted advertising falls during recessions.
B) help-wanted advertising rises during recessions.
C) workers spend a lot of time searching for work in recessions.
D) people are indifferent between being employed or not.
A
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Demand in the refreshment beverage market has been changing due to
A) changes in income. B) changes in taxes and subsidies. C) changes in the number of buyers. D) changes in tastes and preferences.
Use the following table for a certain product's market in Marketopia to answer the next question.Quantity Demanded DomesticallyPriceQuantity Supplied Domestically1,400$102,2001,60092,0001,80081,8002,00071,6002,20061,4002,40051,200If the world price for this product is $6, then Marketopia would import
A. 800 units and domestic producers would supply 2,200 units. B. 800 units and domestic producers would supply 1,400 units. C. 400 units and domestic producers would supply 1,400 units. D. 400 units and domestic producers would supply 2,200 units.