"Our knowledge of the factors which govern the yield of an investment some years hence is usually very slight and often negligible." This quote by ________ helps to explain ________
A) Jorgenson; cycles of overbuilding
B) Keynes; cycles of overbuilding
C) Jorgenson; the accelerator hypothesis
D) Keynes; the accelerator hypothesis
B
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What determines the real exchange rate and the nominal exchange rate in the short run?
What will be an ideal response?
Individuals who face greater risks
a. are more likely to purchase insurance b. are less likely to purchase insurance c. are neither more nor less likely to purchase insurance d. are risk neutral
If C = $250, I = $50, G = $60, NX = -$20, and NFP = $5, how much is GNP?
A. $335 B. $365 C. $340 D. $345
A duopoly is:
A. a strategy that benefits both firms. B. an agreement, explicit or implied, between two firms. C. an oligopoly with two firms. D. two firms agreeing to act like a joint monopolist.