Which of the following would cause the investment demand curve to shift?
a. Animal spirits (expectations).
b. Technological change.
c. Change in business taxes.
d. All of these.
d
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Economists have used ________ and ________ in experiments designed to determine whether consumers care about fairness when they make decisions
A) the income effect; the substitution effect B) Giffen goods; luxury goods C) network externalities; the endowment effect D) the ultimatum game; the dictator game
Research and development refers to the activity of firms, universities, and government agencies that seek to invent new products and processes.
Answer the following statement true (T) or false (F)
Assuming all excess reserves are loaned out, if the reserve ratio is 3.33 percent, the money multiplier will be equal to:
A. 0.67. B. 3.33. C. 6.67. D. 30.
Describe the trend in the rate of productivity from 1973 to 1995 and then from 1995 to 2012.
What will be an ideal response?