Keynes referred to the sharp, often irrational, changes in the outlook of investors as the ________ of investors
A) primal needs
B) crowd psychology
C) animal spirits
D) chaotic behavior
C
You might also like to view...
An improvement in technology will cause the
A. economy to move down the production possibility frontier. B. production possibility frontier to shift inward. C. production possibility frontier to shift outward. D. economy to move closer to its production possibility frontier.
Given the information in the table above
A) neither country has a comparative advantage in cloth. B) Home has a comparative advantage in widgets. C) Foreign has a comparative advantage in widgets. D) Home has a comparative advantage in both cloth and widgets. E) neither country has a comparative advantage in widgets.
Consider a market that sells some of its goods as exports. Who does NOT benefit?
A) foreign consumers B) workers in the industry C) domestic consumers D) domestic producers
Proponents of rational expectations theory argued that, in the most extreme case, if policymakers are credibly committed to reducing inflation and rational people understand that commitment and quickly lower their inflation expectations, the sacrifice ratio could be as small as
a. 0. b. 1. c. 4. d. 5.