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Keynes believed that economies experiencing high unemployment should adopt policies to   1.  reduce the money supply.   2. reduce trade barriers   3.  Increase government spending   4.  increase tax rates

According to Keynes, which of these will not naturally adjust to fix a recession? 1. taxes 2. technology 3. money supply 4. prices

One of the arguments that critics of Keynes would use to argue against him would be the 1. Broken window fallacy      2. The paradox of thrift    3. Money Multiplier Effect   4. Liquidity Trap

There are 100,000 adults in the population. 80,000 of them are in the labor force. 60,000 of the labor force are employed. What is the unemployment rate 25% 20% 75%  40%

If the marginal propensity to consume changed from 0.8 to 0.6, then the spending multiplier would change from    1.  ​5 to 2.5.   2.  ​2.5 to 5.   3.  ​0.8 to 0.6.   4.  ​8 to 6.

Which was an example of a company that pays their workers more than their competitors and in return receive better performance from them?   1. JC Penny 2. Macys 3. The Container Store 4. Bed Bath and Beyond

Who is not part of the civilian labor force? 1. Part time workers       2. Underemployed workers   3. Overqualified workers    4.  Discouraged workers

Your boss gives you an increase in the number of dollars you earn per hour. This increase in pay makes your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage also increased your nominal wage increase. If your nominal wage rose by a greater percentage than the price level, then your real wage decreased your real wage increase. If your real wage rose by a greater percentage than the price level, then your nominal wage also increased your real wage decrease. If your real wage rose by a greater percentage than the price level, then your nominal wage decreased

When a person is voluntarily employed longer than they need to be this is known as _______ unemployment 1. technological 2. frictional 3. structural 4. cyclical

Imagine that the economy is in long-run equilibrium. Then, perhaps because of improved international relations and increased confidence in policy makers, people become more optimistic about the future and stay this way for some time.   Refer to Optimism. Which curve shifts and in which direction? aggregate demand shifts right aggregate demand shifts left aggregate supply shifts right aggregate supply shifts left