The CEO and stockholders talk almost everyday
Indicate whether the statement is true or false
False
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Unlike Classical economists, Keynes believed that the economy could be trapped in a depression and not return to full employment without government intervention
Indicate whether the statement is true or false
The present value of a stream of future revenues varies ________ with the future revenues and ________ with the interest rate
A) inversely; inversely B) directly; directly C) inversely; directly D) directly; inversely
Suppose that wages are higher in one geographic region (Region 1) of a country than in another geographic region (Region 2). Given free migration of workers,
a. wages in the two regions will become even more divergent. b. wages in Region 1 will rise. c. wages in Region 2 will rise. d. employment in Region 2 will rise.
In contrast to changes in government spending, tax changes affect spending
a. directly. b. in the same proportion. c. by a greater amount. d. indirectly.