When producers are hopeful about the economic business outlook, they often
A. decrease their inventory levels.
B. decrease their purchase of new goods.
C. increase their investment in capital goods.
D. increase their investment in savings.
C. increase their investment in capital goods.
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Both demand and supply curves usually have positive slopes.
Answer the following statement true (T) or false (F)
When the price of beer goes up, our model of tastes would typically require tastes to change.
Answer the following statement true (T) or false (F)
Examples from the United States suggest that the cost to consumers per job saved in highly protected industries is low
Indicate whether the statement is true or false
Which economist(s) first identified an inverse relationship between inflation and unemployment?
a. Robert Lucas and Thomas Sargent. b. W. Phillips. c. Robert Barro. d. Paul Samuelson. e. Arthur Laffer.