Which of the following examples accurately reflects the supply curve for capital?
a. As the rental prices of stores increased, the shopping mall owners built an additional
wing to add more units to lease.
b. As the rental prices of stores increased, the owners of the shopping mall were
satisfied with the money coming in.
c. Although commercial real estate prices in the area were increasing, owners of the
shopping plaza demolished one wing of their mall.
d. As commercial rental prices decreased, the shopping mall owners built another
building to rent more units and reduce their losses.
a. As the rental prices of stores increased, the shopping mall owners built an additional
wing to add more units to lease.
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Which of the following is NOT an example of private investment expenditure?
A) new houses built during the year B) using credit cards to purchase durable and nondurable goods C) new plants and equipment added during the year D) increases in inventories on goods produced during the year
An item that is purchased to increase businesses' productive resources is
A) an export. B) a government good. C) a capital good. D) a consumption good. E) a productive good.
Which of the following statements is correct with respect to the debate between the Keynesians and new classical economists?
a. Each side criticized monetarism b. The key source of disagreement centered on how people form their expectations. c. Both models believed that recessions were characterized by falling aggregate demand. d. Both believed that unanticipated changes in monetary policy could influence output. e. all of the above.
Which of the following is true of fiscal policy before the Great Depression of the 1930s?
a. Fiscal policy was made at the federal level. b. Policies associated with national defense were made at the state level. c. Environmental degradation and education were the focus areas of the federal government while other areas of government policy were dealt by individual states. d. The federal budget was determined mostly by economists and not by politicians. e. National defense and foreign trade were the focus areas of the federal government while other areas of government policy were dealt by individual states.