Author Question: Keynesian economists argue that A) equilibrium real GDP is demand-determined. B) equilibrium ... (Read 127 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?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

For a complete list of videos, visit our video library