In the United States since the 1920s, there has been only one decade that appears to accord fairly well with the RBC theory of business cycles:
A) the 1930s.
B) the 1960s.
C) the 1970s.
D) the 1980s.
C
You might also like to view...
The purchase of more than ten percent of the shares of a foreign company is known as a(n)
A) World Bank investment. B) portfolio investment. C) foreign direct investment. D) International Monetary Fund (IMF) investment.
When a person holds money, they give up
A) the pleasure associated with spending money. B) the pleasure associated with saving money. C) the interest that could have been earned if the money had been changed into an interest-bearing asset. D) nothing, since the person can always use the money to buy goods or services or interest-bearing assets.
Patents allow manufacturers to block the entry of new firms into an industry through
a. infringement suits b. economies of scale c. limit pricing d. price discrimination e. a government franchise
Economics is often described as a science of constrained choice. How do you justify this argument?