The presumed objective of the U.S. corporation is to maximize
a. Stakeholder value
b. Shareholder value
c. Profits before taxes
d. The sum of shareholder and stakeholder value
e. None of the above
B
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What is the opportunity cost of economic growth?
A. Investment in the current time period B. Improved technology in the current time period C. Capital goods in the current time period D. Consumption in the current time period
A preannounced contractionary money policy is more likely to create unemployment when people have rational, rather than adaptive, expectations
a. True b. False Indicate whether the statement is true or false
The school of thought that emphasizes the natural tendency for an economy to move toward equilibrium full employment without inflation is the
a. Keynesian school b. supply-side school c. noninterventionist school d. rational expectations school e. classical school
The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years
A) around 1970. B) around World War II. C) around World War I. D) around 2008.