Investment spending in the United States tends to be unstable because:
A. expected profits are highly variable.
B. capital goods are durable.
C. innovation occurs at an irregular pace.
D. all of these contribute to the instability.
D. all of these contribute to the instability.
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In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, there will be three Nash equilibria
Indicate whether the statement is true or false
The lower portion of the circular flow model contains factor markets in which households provide:
a. output of all final goods and services produced. b. savings, spending, and investment. c. labor, money, and machines. d. none of these.
A country will have a balance-of-payments deficit when its exchange rate:
A. is flexible. B. is overvalued. C. equals the market equilibrium value. D. is undervalued.
Net exports is a positive number when:
A. a nation's exports of goods and services exceed its imports. B. depreciation is greater than gross private domestic investment. C. gross private domestic investment is greater than depreciation. D. a nation's imports of goods and services exceed its exports.