The stock market crash of 1929 may have been avoided if:
A. investors had acted rationally.
B. investors had acted irrationally.
C. large companies had been more objective in their decision making.
D. large companies had been more emotional in their decision making.
A. investors had acted rationally.
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Elasticity measures the
A) percentage change in a variable. B) slope of a curve. C) change in a variable. D) responsiveness of a variable to a change in another variable.
A profit-maximizing monopoly will always produce at the minimum point of its average total cost (ATC) curve
a. True b. False
If a country replaces its politically-controlled central bank with one that is independent, this will decrease inflation expectations and thereby increase investment. This will impact its economy by
A. decreasing aggregate demand. B. decreasing aggregate supply. C. increasing aggregate demand. D. increasing aggregate supply.
The exchange rate system currently used by the industrially advanced nations is:
A. the gold standard. B. the Bretton Woods system. C. the managed float. D. a fixed rate system.