Technological refers to
What will be an ideal response?
Knowledge of current value of GDP and CPI
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In the classical model, the level of business investment was a function of
a. only the expected profitability of investment projects. b. only the real interest rate. c. both the expected profitability of investment projects and the real interest rate. d. only the nominal interest rate. d. None of the above
When we speak of expansionary fiscal policy, we are talking about policymakers __________ government spending, or __________ taxes, or both
A) decreasing; decreasing B) increasing; increasing C) increasing; decreasing D) decreasing; increasing
A higher required reserve ratio _________ the value of the simple deposit multiplier
A. Increases B. Decreases C. Eliminates
A kinked demand curve is perceived by the firm as being:
A. more elastic to the right of the kink B. more inelastic to the right of the kink C. more inelastic to the left of the kink D. present when there is a monopoly