As economic development progresses, eventually birth rates _____.
Fill in the blank(s) with the appropriate word(s).
decline
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The real business cycle model best explains the procyclicality of the nominal money supply by
A) an unpredictable Federal Reserve. B) exogenous money. C) endogenous money. D) uncorrelated money.
To alleviate the commons problem, the government can
A) apply a tax. B) set a quota. C) assign property rights. D) All of the above.
If the cost of capital is 5% then the net present value of the investment is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
Investment spending
a. cannot be stimulated by decreasing the interest rate. b. is often the cause of business fluctuations in the United States. c. is a remarkably stable function of the level of real GDP. d. is the primary solution to recessions and inflations, according to John Maynard Keynes.