You have observed that the forecasts of an investment advisor consistently outperform the other reported forecasts. The efficient markets hypothesis says that future forecasts by this advisor
A) may or may not be better than the other forecasts. Past performance is no guarantee of the future.
B) will always be the best of the group.
C) will definitely be worse in the future. What goes up must come down.
D) will be worse in the near future, but improve over time.
A
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If the MPC is 0.75, the expenditure multiplier will be
A. 3.5. B. 4. C. 2. D. 3.
The federal budget was in deficit from 1931 to 1939, except in the year 1937. Given this fact, how do you explain E
Cary Brown's statement, "Fiscal policy, then, seems to have been an unsuccessful recovery device in the 'thirties-not because it did not work, but because it was not tried."
In agriculture, where firms producing similar goods are often located near each other, supervision of neighboring firm activity is fairly easy. When these firms come together formally to agree on price and restraint of output, their organization is called a(n)
a. collusive venture b. cartel c. cooperative d. agricultural merger e. conglomerate
If a nation can produce greater quantities of a good than another nation, it has a(n)
a. comparative advantage. b. absolute advantage. c. declarative advantage. d. entire advantage.