Real investment spending for the past 35 years is more volatile than real personal consumption
a. True
b. False
Indicate whether the statement is true or false
True
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Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita is highest in which year?
A. 2009 B. 2010 C. 2008 D. 2011
A firm that responds to a regulatory rule in a way that permits technical compliance while allowing the firm to violate the spirit of the regulation has
A) reduced the scope of the lemons problem. B) shared the gains and pains of regulation. C) engaged in a creative response to regulation. D) become a captured regulator.
If the quantity demanded of restaurant meals increases by 20% when income increases by 10%, restaurant meals are:
A. normal goods. B. inferior goods. C. complementary goods. D. substitute goods.
Each of the following would cause an increase in the supply of TVs EXCEPT
A. an expectation that the price of TVs will rise in the future. B. an increase in the number of TV producers. C. a decrease in the cost of labor used to produce TVs. D. an improvement in technology.