Author Question: A university's basketball gymnasium is never more than half-full during basketball games. This ... (Read 538 times)

yoooooman · **on:** Jun 30, 2018

A university's basketball gymnasium is never more than half-full during basketball games. This implies
a. the ticket price is above the equilibrium price.
b. the ticket price is below the equilibrium price.
c. the ticket price is at the equilibrium price.
d. nothing about the equilibrium price.

Question 2

Which of the following observations concerning the Keynesian model is not true?
a. It is helpful in explaining the events that unfolded in the 1930s.
b. It is less useful in explaining today's economy.
c. It explains the stagflation of the 1970s.
d. It does not incorporate possible shifts in the aggregate supply curve.