Other things equal, an increase in the interest rate will
a. decrease firms' investment expenditures
b. increase the standard of living in the economy
c. increase of the present value of capital good
d. increase firms' investment expenditures
e. encourage production of durable goods
A
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In risk characterization, a reference dose (RfD) of 0.007 means that
a. 0.7 percent of people are exposed to the environmental hazard b. exposure to 0.007 milligrams of a pollutant per body weight per day over a lifetime should cause no harm c. there is a 0.007 percent probability that the pollutant causes no harm d. 7 out of 1 million people are affected by the pollutant
An oligopoly model in which sellers compete on quantities rather than prices is called a ________ model
A) Bertrand B) Cournot C) Ricardian D) Keynesian
If a tax shifts the demand curve upward (or to the right), we can infer that the tax was levied on
a. buyers of the good. b. sellers of the good. c. both buyers and sellers of the good. d. We cannot infer anything because the shift described is not consistent with a tax.
Assume that policy makers are pursuing a fixed exchange rate regime and that the economy is initially operating at the natural level of output. Which of the following will occur as a result of a revaluation?
A) The real exchange rate will be permanently higher in the medium run. B) The real exchange rate will be permanently lower in the medium run. C) The effects of this revaluation on the real exchange rate will be ambiguous in the medium run. D) The real exchange rate will be unchanged in medium run. E) The nominal exchange will initially fall in the short run and then increase in the medium run.