John Maynard Keynes sought to solve the economic problem of the Great Depression, which was the coexistence of
A. high production and high inflation.
B. low production and low unemployment.
C. low production and high unemployment.
D. high production and low inflation.
Answer: C
Economics
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A tennis pro charges $15 per hour for tennis lessons for children and $30 per hour for tennis lessons for adults. The tennis pro is practicing
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination. E) fifth-degree price discrimination.
Economics
It is Valentine's Day and Jason is desperately looking all over town for a dozen roses to give to Judy. Most likely, Jason's price elasticity of demand is:
a. infinitely large. b. negative. c. equal to one. d. greater than one. e. less than one.
Economics