________ emphasized that animal spirits affect GDP
A) Adam Smith B) Milton Friedman
C) David Ricardo D) John Maynard Keynes
D
You might also like to view...
Using the data in the above table, and assuming constant opportunity costs, it is likely that
A) the United States will import food. B) Mexico will export cloth. C) the United States will export both cloth and food. D) Mexico will export both cloth and food.
An In the News article titled "U.S. Winemakers Hurt by Imported Wine" discusses foreign wine sold in the U.S. market. California grape growers' main complaint was that
A. California wineries were not buying domestic grapes but were selling wine and calling it "100% pure American." B. The growing strength of the dollar makes it hard to compete C. The weather had hurt their business. D. The state had removed all subsidies due to the financial crisis that had left the budget in disarray.
The effect of a recession on a company like General Motors Corporation is such that
A) sales decline more sharply for General Motors as compared to firms that do not produce durable goods. B) profits fall less sharply as compared to firms that do not produce durable goods. C) the decline in sales is more short-lived as compared to firms that do not produce durable goods. D) there is no difference in the impact of the recession on its profits as compared to firms that do not produce durable goods.
An ________ distribution of income would yield a ________ curve that was a 45-degree line between 0 and 100%.
A. equal; Lorenz B. equal; Gini C. unequal; Gini D. unequal; Lorenz