The mainstream view is that macro instability is caused by:
A. erratic growth of the nation's money supply.
B. government interference in the economy.
C. significant changes in investment spending.
D. consumption "booms" and "busts."
C. significant changes in investment spending.
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The figure above shows depicts the marginal revenue and costs of a perfectly competitive firm. The price the firm charges is
A) $4 per unit. B) $8 per unit. C) $16 per unit. D) None of the above answers is correct.
Which of the following is the best example of an investment in human capital?
a. on-the-job training received by an apprentice electrician b. an increase in the number of hours worked per week by a worker in an unskilled laboring job c. the purchase of company stock by a worker d. payments into a retirement pension plan by a skilled laborer
It has been suggested by some economists that rent seeking activity often occurs within families, particularly when an inheritance is involved
Indicate whether the statement is true or false
When a person buys stock in a company, that person is buying ________, but when a person buys a bond in a company, that person is ________ the company.
A. debt; lending funds to B. ownership; lending funds to C. ownership; borrowing funds from D. debt; borrowing funds from