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

ap345

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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