The IS-LM model was developed by
A) Friedman and Phelps.
B) Hicks and Hansen.
C) Modigliani and Friedman.
D) Lucas and Sargent.
E) none of the above
E
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What is the most important dimension of capital and how does that relate to its value?
What will be an ideal response?
Leveraging investments based on irrational expectations:
A. can lead to gradually deflating financial bubbles. B. is cited as a root cause of financial crises. C. explains the success of companies like Apple. D. All of these statements are true.
Sonia was a great bookkeeper 20 years ago, then left the workforce to stay home and raise her children. Now that they're in college, Sonia looks for another bookkeeping job, but they all require computer skills that she doesn't have. Sonia would be considered:
A. frictionally unemployed. B. seasonally unemployed. C. structurally unemployed. D. Sonia is not in the labor force.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.