Author Question: Keynesian economists argue that A) equilibrium real GDP is demand-determined. B) equilibrium ... (Read 119 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
Keynesian economists argue that
 
  A) equilibrium real GDP is demand-determined.
  B) equilibrium real GDP is supply-determined.
  C) equilibrium real GDP can be reached only in a theoretical economy.
  D) reaching equilibrium real GDP always results in inflation.

Question 2

Considering the relevant market structures, which is an INCORRECT statement?
 
  A) In a perfectly competitive situation, there is an extremely large number of firms.
  B) In pure monopoly, there is only one firm.
  C) In monopolistic competition, there is a large number of firms.
  D) In any market situation, the number of firms is not very important.



snackralk

  • Sr. Member
  • ****
  • Posts: 363
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

For a complete list of videos, visit our video library