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.
Comparison of reactions at equilibrium and steady state
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
The population of Asia increases rapidly, the demand for food and water is also growing
Find the factor demand for labour and the amount of output it will produce. Show all ...
What is the value of the equilibrium constant, K, at 25°C for the reaction?
Mutagenicity of aflatoxin B1 determined by the Ames test