Keynes referred to the emotions that shift supply and demand as ________.
A. preferences
B. austerity measures
C. animal spirits
D. speculative bubbles
Answer: C
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Internalizing a positive externality will cause the demand curve to
a. shift to the right. b. shift to the left. c. become more elastic. d. remain unchanged.
The reserve requirement, open market operations, and the discount rate are all tools used by the Fed to
A. protect the savings of bank depositors. B. manipulate the dollar price of gold. C. ensure that a dollar is worth as much in Kansas City as in Denver. D. enact monetary policy.
The Federal Reserve Board of Governors
A. will lower the discount rate to restrict monetary growth. B. are appointed by the president for seven-year terms. C. is basically independent. D. serve at the pleasure of the president, who can force their resignations at any time.
According to the FLSA, what is the basis used to determine overtime worked for standard nonexempt workers?
What will be an ideal response?