The "accelerator hypothesis" of investment states that a firm's net investment is most closely related to the
A) level of its actual sales.
B) change in its actual sales.
C) level of its expected sales.
D) change in its expected sales.
D
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Suppose that during a given month 500,000 persons quit their job to become self-employed. This might give __________ bias to the __________ indicator
A) an optimistic; unemployment rate B) a pessimistic; unemployment rate C) an optimistic; payroll employment D) a pessimistic; payroll employment
Part B of the Medicare program covers _____ and is _____
a. pharmaceuticals; voluntary b. pharmaceuticals; mandatory c. physician costs; voluntary d. physician costs; mandatory
Technically speaking, in what year did the "Great Recession" end?
a. 1933 b. 1935 c. 2007 d. 2009 e. It had not ended as of 2011.
The branch of mathematics that analyzes situations in which players must make decisions and then receive payoffs based on their own and others' decisions is called game theory
a. True b. False Indicate whether the statement is true or false