The Keynesian cross model attributes differences between actual output and planned expenditure to
a) unintended inventory accumulation or depletion
b) buffer stocks resulting from risk-averse decision-making regarding production
c) taxes
d) net exports
e) the diminishing marginal product of capital
a) unintended inventory accumulation or depletion
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If interest rates in the U.S. are higher than elsewhere, it will cause
a. the demand for dollars to decrease b. the supply of dollars to increase c. the exchange value of the dollar in relation to other currencies to fall d. the dollar to depreciate e. the demand for dollars to increase
The period from 1983 to 1990 was characterized by
a. decreasing budget deficits and increasing trade surpluses. b. persistently high inflation. c. below average rates of real GDP growth. d. consistent growth of real GDP and decreasing rates of inflation.
The statement, "If a deal is too good to be true, then it probably is not true," is most closely related to which core economic principle?
A. The Cost-Benefit Principle B. The No-Cash-on-the-Table Principle C. The Scarcity Principle D. The Low-Hanging Fruit principle
The sum of the possible outcomes of a gamble multiplied by their respective probabilities is known as:
A. the expected value of the gamble. B. a fair gamble. C. the variance of the gamble. D. a better-than-fair gamble.