In which zone will small shifts in AD, either to the right or the left, have relatively little effect on the output level, but instead will have greater effect on the price level?
a. Keynesian
b. Neoclassical
c. Intermediate
d. Equilibrium
b. Neoclassical
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The possibility of speculative bubbles in the stock market arises in part because
a. stock prices may not depend at all on psychological factors. b. fundamental analysis may be the correct way to evaluate the value of stocks. c. future streams of dividend payments are very hard to estimate. d. the value of shares of stock depends not only on the future stream of dividend payments but also on the price at which the stock will be sold.
The set of skills, knowledge, experience, and talent that determine people's productivity as workers is called:
A. physical capital. B. human capital. C. investment. D. educational training.
When someone receives too much information and cannot tell what is important from what is not it is called
a. overload b. spam c. decoding information d. rejected information
Which income maintenance program was started to support the nation's farmers?
A) Supplemental Security Income B) food stamps C) Earned Income Tax Credit program D) AFDC