A sudden discovery of a new, massive source of uranium in New Mexico will likely cause the price of uranium to ________, which will ________ the quantity of uranium demanded by consumers
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
C
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Approaching a business cycle trough we find actual real GDP ________ natural real GDP, so inflation is ________
A) below, slowing down B) below, speeding up C) above, slowing down D) above, speeding up
The theory that there is no predictable trends in securities prices is the
A) opportunity cost of capital. B) random walk theory. C) capital reinvestment. D) present value.
The income that people earn in resource or factor markets is called:
a. disposable personal income. b. transfer payments. c. national income. d. personal income.
Which of the following terms is used to describe a situation in which the price of an asset rises above what appears to be its fundamental value?
a. "random walk"
b. "random bubble"
c. "speculative bubble"
d. "speculative hedge"