Keynes believed that investment is
A) dependent on a number of factors, including business expectations.
B) mainly determined by changes in interest rates.
C) unrelated to business expectations.
D) related to business expectations only during recessionary periods.
A
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The real rate of interest is the
A. current rate which the government pays on its debt. B. current rate actually paid by the borrower. C. difference between the bank's lending and savings rates. D. nominal rate of interest minus the anticipated rate of inflation.
The major goal of social regulation is
A) a better quality of life through a less polluted environment, better working conditions, and safer and better products. B) to make sure that firms are not earning monopoly profits. C) to make sure that prices are kept low enough so that every person can purchase the good. D) to make sure that the firm produces at the socially optimal point of production.
Carbon monoxide in the air is_____ than its 1975 level.
A. 25% more B. 3% less C. 3% more D. 67% less
The lowest-income fifth of the population ordinarily earns about 20 percent of the income in the United States
a. True b. False Indicate whether the statement is true or false