The increase in the overall level of prices is known as _____
Fill in the blank(s) with correct word
inflation
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Does the saving and investment equation imply that a country's national saving must always equal its domestic investment? Explain
What will be an ideal response?
In the bathtub analogy, which of the following is a stock variable?
A) the amount of investment B) the rate of depreciation C) the amount of capital-per worker D) the Cobb-Douglass value
In which of the following cases will centralization of decision making be appropriate?
a. When different departments in an organization function separately without much interrelation. b. When information necessary for the decision making process originates from a variety of sources. c. When the organization expands in size and its activities become more complex. d. When all the information comes from an external source.
The two major problems caused by asymmetric information are the moral-hazard problem and the principal-agent problem
a. True b. False Indicate whether the statement is true or false