Consumers who do not consistently discount the future over time behave in a fashion that is most consistent with ________
A) the theory of intertemporal choice
B) the Keynesian theory of consumption
C) the permanent income hypothesis
D) the life-cycle hypothesis
B
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In the liquidity trap case where the LM schedule is nearly horizontal,
a. both monetary and fiscal policy are highly effective. b. monetary and fiscal policy are ineffective. c. monetary policy is ineffective and fiscal policy is effective. d. fiscal policy is ineffective and monetary policy is effective.
Land sale booms were caused by large waves of immigration
Indicate whether the statement is true or false
Refer to the above figure. The equilibrium level of real GDP occurs
A) at point A. B) to the right of point A. C) to the left of point A. D) at the undetermined point on the graph depending upon the level of investment.
For nearly every year since 1970, the United States has:
A. imported more than it exported. B. exported more than it imported. C. imported about the same as it has exported. D. held to very isolationist trade policy.