The schools of thought handout shows

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1. The “Schools of Thought” handout shows

a. Keynesian macroeconomics is correct.

b. non-Keynesian ways of thinking about macroeconomics.

c. that laissez-faire should always be used except during times of war.

d. all of the above.

2. As long as marginal cost is below marginal revenue, a perfectly competitive firm should

A. Increase production

B. Decrease production

C. Reconsider past production decisions

D. Hold production constant

Reference no: EM131387971

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