Expectations are adaptive in ________
A) traditional Keynesian models
B) the Lucas Model
C) new Keynesian theory
D) the real business cycle model
A
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"When the Fed buys securities from a bank, the quantity of money eventually decreases by a fraction of the initial change in the monetary base." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
We can express the per-worker production function as a function of only per-worker capital thanks to
A) the decreasing marginal return of capital. B) the decreasing marginal return of labor. C) the constant returns to scale. D) the impatience of households.
Which of the following statements best describes the concentration movement between 1875-1905?
a. There were two phases, the first of which had relatively more horizontal mergers and the second had relatively more vertical mergers. b. The first phase focused on vertical mergers, the second was a period of relative inactivity in acquisitions, and the third decade was one of horizontal mergers. c. There were three phases, the first of which had relatively more vertical mergers and the second had relatively more horizontal mergers. d. There were two waves of mergers. In the first wave most mergers were motivated by the desire to obtain monopoly profits and the second wave was obtained through greater economies of scale.
If the Chinese Yuan devalues against the US dollar, then
a. Both the US exporters and Chinese importers would benefit b. The US exporters would benefit while the Chinese importers would be hurt c. The US exporters would be hurt while the Chinese consumers would benefit d. Both the US exporters and Chinese importers would be hurt