Behavior of investors who simply follow the market is
a. contagion
b. herding
c. hedging
d. pegging
e. none of the above
B
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When real planned saving is greater than real planned investment spending
A) real GDP will increase. B) the interest rate will increase. C) the interest rate will decrease. D) real GDP will decrease.
You and a friend are arguing over the issue of the nonneutrality of money. You believe that money is not neutral, and to prove your point you would cite all of the following except
A) large gold discoveries that increased the money supply preceded an economic boom. B) a change in monetary institutions preceded a boom or recession. C) a change in the leadership of the Fed and its policy was followed by noticeable changes in the money supply and a recession or inflation. D) the fact that every recession was preceded by a drop in the money supply.
The basis of judgment for the Standard Oil case was ________, whereas the basis of judgment for the ALCOA case was ________:
A. market concentration; interlocking directorships. B. monopolistic abuses; market structure. C. market structure; market performance. D. unfair business practices; price discrimination.
Refer to the graph shown.
The poorest 30 percent of the families earn:
A. 9 percent of the income. B. 15 percent of the income. C. 2 percent of the income. D. 5 percent of the income.