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Author Question: In the simple Keynesian model, equilibrium exists when a. actual investment equals realized ... (Read 65 times)

Mimi

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on: Jun 30, 2018
In the simple Keynesian model, equilibrium exists when
 
  a. actual investment equals realized investment.
  b. exports equal imports.
  c. savings is equal to government spending plus desired investment minus taxes.
  d. national product is equal to consumption minus desired investment plus government spending.
  e. None of the above

Question 2

The assumption that the marginal product of labor decreases as the labor input increases implies that
 
  A) output decreases as the labor input increases.
  B) the wage increases as the labor input increases.
  C) the production function is concave.
  D) the production function shifts upward.


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Dunkey

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


Mimi

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kthug

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Reply 3 on: Yesterday
:D TYSM

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