Refer to Figure 10-1. Which of the following is consistent with the graph depicted above?
A) Technological change increases the profitability of new investment.
B) Households become spendthrifts and begin to save less.
C) An expected recession decreases the profitability of new investment.
D) The government runs a budget surplus.
A
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The unfunded nature of the Social Security system has no effect on investment
a. True b. False
A leftward shift of the European demand curve for foreign exchange will
a. decrease the price of foreign exchange in Europe b. increase the price of foreign exchange in Europe c. decrease the value of the euro d. make foreign goods more expensive in terms of euros e. make European goods less expensive in terms of foreign exchange
Which of the following is most likely to result if the Congress passes the living wage law?
a. Cost-push inflation b. Demand-pull inflation c. Deflation d. Recession e. Stagnation
An example of a public good is: a. a pizza
b. milk. c. a delivery truck. d. national defense.