According to Keynes, investment was determined
A. equally by the interest rate and the expected profit rate.
B. mainly by the interest rate.
C. mainly by the expected profit rate.
C. mainly by the expected profit rate.
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The demand for money that arises so that individuals or firms can make purchases on quick notice is called the
A) speculative demand for money. B) real demand for money. C) transaction demand for money. D) liquidity demand for money.
In the utility maximizing model, consumer preferences are assumed to be transitive. What does this mean?
A) that consumers have the freedom to change their preferences from time to time B) that consumers prefer more of a good to less C) that consumers go through cycles in their consumption behavior D) that consumers have preferences that are relatively consistent in the time period under consideration
Rather than accept delivery, most traders in futures markets choose
A) to make margin payments. B) settlement by offset. C) to mark-to-market. D) to make arbitrage payments.
Exhibit 3-5 Supply for Tucker's Cola Data Quantity supplied per week(millions of gallons) Price pergallon 6 $3.00 5 2.50 4 2.00 3 1.50 2 1.00 1 .50 In reference to Exhibit 3-5, assume the price of Tucker's Cola is $1.00 per gallon. If the price were to rise to $3.00 per gallon, and all other factors, such as taxes, etc. remained constant, the result would be a(n):
A. decrease in supply. B. increase in supply. C. decrease in quantity supplied. D. increase in quantity supplied.