More than one in four African-Americans lives in poverty.
Answer the following statement true (T) or false (F)
True
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If a forecast made using all available information is NOT perfectly accurate, then it is
A) still a rational expectation. B) not a rational expectation. C) an adaptive expectation. D) a second-best expectation.
When the interest rate rises
A) planned investment falls. B) planned investment rises. C) planned investment will be unaffected. D) equilibrium income increases.
According to Keynesians, an increase in the money supply will:
a. decrease the interest rate, and increase investment, aggregate demand, prices, real GDP, and employment. b. decrease the interest rate, and decrease investment, aggregate demand, prices, real GDP, and employment. c. increase the interest rate, and decrease investment, aggregate demand, prices, real GDP, and employment. d. only increase prices.
In an economist's view, a cartel usually offers to society
a. all the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly. b. all the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly. c. none of the cost benefits of large-scale production and none of the allocative inefficiencies of monopoly. d. none of the cost benefits of large-scale production and all of the allocative inefficiencies of monopoly.