When one observes consumption and investment patterns over time, one finds that:
a. like consumption, investment is fairly stable over time.
b. like consumption, investment is fairly erratic over time.
c. unlike consumption, which is fairly stable over time, investment is subject to erratic fluctuations.
d. unlike consumption, which is subject to erratic fluctuations, investment is fairly stable over time.
e. investment is rarely affected by technological and economic factors.
c
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Which of the following shifts aggregate demand to the right?
a. both an investment tax credit and a decrease in income tax rates b. an investment tax credit but not a decrease in income tax rates c. a decrease in income tax rates but not an investment tax credit d. neither an investment tax credit nor a decrease in income tax rates
Suppose you received a 5 percent increase in your nominal wage. Over the year, inflation ran about 2 percent. Which of the following is true?
A. Your real wage increased. B. Your nominal wage decreased. C. Both your nominal and real wages decreased. D. Although your nominal wage rose, your real wage decreased.
If the price of refillable butane lighters was to decrease, then
A) the demand for butane would decrease. B) the demand for butane would increase. C) the quantity of butane demanded would increase. D) the quantity of butane demanded would decrease.
The firm's supply curve is made up of the
A. points where MC=MR. B. points where MC=MR, and they make a profit. C. points where MC=MR above the minimum of AVC. D. points where MC=MR, and they make at least breakeven.