Economists regard events from the past as
a. irrelevant, since history is unlikely to repeat itself.
b. of limited interest, since those events seldom provide any useful economic data.
c. interesting but not particularly valuable, since those events cannot be used to evaluate present-day economic theories.
d. interesting and valuable, since those events are capable of helping us to understand the past, the present, and the future.
d
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Equity and debt instruments with maturities greater than one year are called ________ market instruments
A) capital B) money C) federal D) benchmark
If the velocity of money is completely insensitive to changes in the rate of interest, the
A) LM curve will be horizontal. B) LM curve will be vertical. C) IS curve will be horizontal. D) IS curve will be vertical.
An increase in unearned income always creates a disincentive to work
Indicate whether the statement is true or false
What type of relationship do business taxes have with respect to Investment spending?
A. Negative B. Positive C. Secondary D. Constant