Which type of expectations can lead to an asset price bubble?
A. Real
B. Inverted
C. Extrapolative
D. Efficient
Answer: C
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Marginal utility theory predicts that if a consumer's income decreases, the consumer
A) buys fewer normal goods. B) buys fewer inferior goods. C) buys more of all goods. D) might either increase or decrease purchases of normal goods.
Issuing stocks with little or nothing to back them up is described as “plowing back.”
Answer the following statement true (T) or false (F)
When economists refer to investment, they mean the purchasing of stocks and bonds and other types of saving
a. True b. False Indicate whether the statement is true or false
For a firm in a perfectly competitive market, the price of the good is always
a. equal to marginal revenue. b. equal to total revenue. c. greater than average revenue. d. equal to the firm's efficient scale of output.