In the Solow growth model, investment is a ________ variable and depreciation is a ________ variable
A) stock; stock
B) stock; flow
C) flow; stock
D) flow; flow
D
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Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) higher; higher B) higher; lower C) lower; lower D) lower; higher
Ski resorts have begun to offer activities in the summer, like music festivals and mountain biking, rather than closing down the facilities for the season. This a good decision for a ski resort when
A. the extra revenue exceeds the variable costs of staying open during the summer. B. such activities draw an upscale set of customers. C. these activities reduce fixed costs. D. it provides employment for local residents.
In equilibrium the typical investor __________
a. prefers high risk assets to low risk assets b. prefers low risk assets to high risk assets c. is indifferent between buying low and high risk assets d. does not stay in the market
When disposable income is 1000, how much is consumption?
