Keynes believed that:
a. discretionary fiscal policy was needed to stabilize the economy
b. wages are not flexible particularly in a downward direction.
c. the economy could remain in a period of unemployment for a long time period.
d. all of the above.
d
Economics
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A radio station is best described as
A) an end user in a transaction-based market. B) a platform in an audience-making market. C) an end user in a matchmaking market. D) a platform in a shared-input market.
Economics
Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A) inadequate enforcement of international laws. B) whales are a type of common property. C) the marginal benefit of hunting and killing a whale is greater than zero. D) whale-killing technology is too productive.
Economics