A big-push strategy for economic development relies heavily on government-sponsored and financed investments
Indicate whether the statement is true or false
T
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Opportunity cost always arises when a trade-off decision is made.
Answer the following statement true (T) or false (F)
Which of the following is true of investment spending in the U.S. economy?
a. Investment spending in 2009 was higher than in 2006. b. Investment spending was almost double of household spending. c. Businesses had reduced expenditures on capital goods in 2008 and 2009. d. Investment spending exhibited a more or less steady increase between 1959 and 2009. e. Investment spending fluctuated relatively less than consumption.
The indirect effect of an increase in the money supply is to
A. lower interest rates, which stimulates both investment and consumption spending. B. pay off a portion of the public debt. C. put more cash in people's pockets, thereby increasing aggregate demand. D. raise interest rates so people will save more.
All else held constant, as the variance of a payoff increases, the
A) expected value of the payoff increases. B) risk of the payoff increases. C) expected value of the payoff decreases. D) risk of the payoff decreases.