Keynesian theories theories relay on changes in ____________ as causes of short run fluctuations
A) large increases in the price of oil
B) component ofs the production function
C) consumer views about the course of the economy
D) fluctuations in the quantity of money
Ans: C) consumer views about the course of the economy
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The HPAE (High Performance Asian Economies) countries
A) have all consistently supported free trade policies. B) have all consistently maintained import-substitution policies. C) have all consistently maintained non-biased efficient free capital markets. D) have all maintained openness to international trade. E) have all outperformed the U.S.
Total costs equal
a. Fixed costs b. Variable costs c. Sunk costs d. Fixed costs plus variable costs
Global capital flows have completely broken the link between domestic savings and domestic investment
Indicate whether the statement is true or false
A straight-line downward-sloping demand curve has a price elasticity of demand which:
A. Decreases as price decreases B. Increases as price decreases C. Is zero at all prices D. Is unitary at all prices