The Keynesian model is basically A) a long-run theory. B) a ...

[brutforce]

The Keynesian model is basically
 
  A) a long-run theory.
  B) a short-run theory.
  C) a combination of long- and short-run theories.
  D) a theory about the economy in both the long run and the short run.

Question 2

Refer to the above figure. An excise tax of 0.50 was imposed on this good. From the figure we can see that the
 
  A) producer will bear most of the tax.
  B) consumer will bear most of the tax.
  C) consumer and producer will share the tax.
  D) amount of the tax collected is less than 0.50.

[Bison]

Answer to Question 1

B

Answer to Question 2

B