The simple accelerator theory suggests that investment will be rising when
A) output is rising.
B) the growth of output is rising.
C) output is high.
D) the growth of output is high.
B
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Suppose an individual has to make a decision at time t without having all the information relevant for making the decision. At time (t+1), the relevant information is revealed. We will say that the individual made a mistake if his decision in time t would have been different had he known what he knows at time (t+1). True or False: Without behavioral economics, we would not be able to explain mistakes.
Answer the following statement true (T) or false (F)
Eliminating frictional unemployment would be good for the economy
Indicate whether the statement is true or false
When economists talk about a balance of payments "deficit," they refer to:
a. a net balance in the balance of payments that is less than zero. b. a condition in which total credits exceed total debits in the balance of payments. c. a deficit in one of the sub-accounts of the balance of payments. d. a disequilibrium in the foreign exchange market. e. a net loss in the trade of international goods and services.
Aggregation is the process of combining different things into a single category
a. True b. False