In Keynes's liquidity preference framework, as the expected return on bonds increases (holding everything else unchanged), the expected return on money ________, causing the demand for ________ to fall
A) falls; bonds
B) falls; money
C) rises; bonds
D) rises; money
B
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The use of sensitivity analysis will generally result in
A) the calculation of a certainty equivalent NPV. B) the calculation of a best case, a base case and a worst case. C) the calculation of the coefficient of variation. D) the calculation of the probability of the maximum profit.
In a market economy, which of the following is most important if one is going to achieve high earnings?
a. willingness to do hard physical work. b. providing goods and/or services that others value highly. c. performing an important social function, like teaching. d. having a membership in a labor union.
According to the rule of 70, if a country grows at an average rate of 2 percent per year, what would happen after 35 years?
A. The country's nominal GDP would double. B. The country's real GDP would double. C. The country's real GDP per capita would double. D. The country's nominal GDP per capita would double.
What are the private costs of driving an automobile? What are the external costs?
What will be an ideal response?