If, in the coordination failure model, the nominal money supply acts as a sunspot variable, then it is likely that the nominal money supply would
A) be procyclical.
B) be acyclical.
C) be countercyclical.
D) alternatively appear to be procyclical and countercyclical.
A
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If an increase in income results in higher prices for yachts, we can conclude
A. that yachts are inferior goods. B. that there was a decrease in the supply of yachts. C. that there was an increase in the supply of yachts. D. that yachts are normal goods. E. there’s no relationship between income and the demand for yachts.
What are the three main indicators that make up the Human Development Index?
What will be an ideal response?
If the typical firm in a perfectly competitive market was depicted in the graph below, what would be most likely to occur?
A. New firms would be likely to enter, increasing the market price. B. New firms would be likely to enter, decreasing the market price. C. Existing firms would be likely to exit, increasing the market price. D. Existing firms would be likely to exit, decreasing the market price.
If investment is less than depreciation, then the capital stock:
A) decreases. B) remains constant. C) increases. D) changes indeterminately.