Which of the following is NOT used to describe an investment?
A. It is a means of saving.
B. It is a way of acquiring capital.
C. It is an up-front cost.
D. It holds the expectation of generating future profits.
A. It is a means of saving.
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A bulldozer used by a construction firm is known as a
a. capital good. b. consumer good. c. free good. d. public good.
Critics contend that the crowding-out effect will be minimal when the economy is in a recession.
Answer the following statement true (T) or false (F)
Refer to Figure 14.1. Assume that the economy is originally in equilibrium where real GDP equals potential GDP
Other things equal, an increase in the target inflation rate would best be represented as a movement from ________ in the short run and ________ in the long run. A) point Y to point X; point X to point Y B) point Y to point X; will remain at point X C) point Y to point Z; remain at point Z D) point Z to point X; point X to point Z
We should expect the consumption function to shift downward if
a. real interest rates rise. b. price levels fall. c. consumers become more optimistic about future incomes. d. consumers become more pessimistic about future incomes.