Which types of poor decisions are more visible to a decision maker's supervisor?
a. Agreeing to undertake an unprofitable project
b. Deciding not to undertake a profitable project
c. Deciding not to undertake an unprofitable project
d. Deciding to investigate a proposed project until one is certain
a
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Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Using Figure 9.1, explain what a firm would do in the short run if the market price of its product dropped below P1
What will be an ideal response?
Explain, in detail, how the adjustment to macroeconomic equilibrium occurs when spending is less than production. Be sure to discuss how inventories play a crucial role in the adjustment process
State what happens to GDP and employment during the adjustment process.
The definition of M2 includes:
A. cash and checking account balances. B. hard money and savings account balances. C. cash, checking account, and savings account balances. D. cash, checking accounts, savings accounts, and other financial instruments where money is locked away for a specified period of time.