Multiple Choice
A depression economy has considerable slack; therefore
A) unemployment is high.
B) there is no excess plant capacity.
C) all resources are being used efficiently.
D) there is an increase in aggregate price levels.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q78: Classical economists believed that prices, wage rates,
Q79: Negative saving, by definition, is impossible.
Q80: Suppose the economy has more savings than
Q81: If disposable income is $3,000 and saving
Q82: The increase in aggregate spending needed to
Q84: Classical economists claim that _ is the
Q85: Which one of these helps determine consumption
Q86: With respect to income, the investment schedule
Q87: The average propensity to consume is calculated
Q88: What are the determinants of consumption and