Investors must rely on stockbrokers to give detailed, day-to-day reports on stocks and bonds
a. True
b. False
Indicate whether the statement is true or false
False
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If the capital-labor ratio is below the steady-state value, investment is ________ than break even investment, and the capital-labor ratio ________
A) greater; increases B) greater; decreases C) less; increases D) less; decreases
A firm's average fixed cost curve can never be U-shaped, even if its other average cost curves are U-shaped
a. True b. False Indicate whether the statement is true or false
When an economy's government goes from running a budget deficit to running a budget surplus, the economy's long-run growth prospects are improved
a. True b. False Indicate whether the statement is true or false
Which of the following groups believes monetary policy to be effective for fighting inflation but not for changing real output?
A. Classical economists. B. Neo-Keynesian economists. C. Keynesian economists. D. Monetarists.