Economist Edward Prescott is associated with the
A) early spread of the old Keynesian approach.
B) creation of the "fooling" model.
C) creation of the first "New Classical" approach.
D) creation of the "real business cycle" model.
D
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A "single tax" on land was proposed in the nineteenth century by
a. Lloyd George. b. Henry George. c. George Washington. d. George Sands.
Fundamental analysis shows that stock in Johnson's Lumber Company has a price that is less than its present value
a. This stock is overvalued; you should consider adding it to your portfolio. b. This stock is overvalued; you shouldn't consider adding it to your portfolio. c. This stock is undervalued; you should consider adding it to your portfolio. d. This stock is undervalued; you shouldn't consider adding it to your portfolio.
A tax cut shifts aggregate demand
a. by more than the amount of the tax cut. b. by the same amount as the tax cut. c. by less than the tax cut. d. None of the above is necessarily correct.
Jeff's entertainment budget is divided between $8 movie tickets and $40 hockey tickets. The opportunity cost to Jeff of going to an extra hockey game is
A. four fewer $10 pizzas. B. five movies. C. 20 DVD rentals (costing $2 each). D. all of the choices are true.