The theory of intertemporal choice was presented by ________
A) Adam Smith in 1776
B) Alfred Marshall in 1871
C) Irving Fisher in 1930
D) John Maynard Keynes in 1936
C
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Measuring the size of future government deficits is complicated by all of the following except uncertainty about
a. liabilities for future entitlements. b. future economic growth. c. future inflation. d. the future assets of the U.S. government.
A graph showing the inverse relationship between the economy's rate of unemployment and rate of inflation is called the:
a. Laffer curve. b. aggregate expenditure model. c. Keynesian cross. d. Phillips curve. e. consumption curve.
Longitudinal data on income inequality in the United States indicates that: a. children of poor families stay poor, but children of rich families do not always stay rich
b. children of poor families often escape poverty, but rich families invariably retain their wealth over time. c. there is substantial movement among income groupings in the United States. d. the rich are getting richer and the poor are getting poorer.
If you wish to rely on fundamental analysis to choose a portfolio of stocks, then you have no choice but to do all the necessary research yourself
a. True b. False Indicate whether the statement is true or false