In the aggregate expenditures model, technological progress will shift the investment schedule:
A. downward and increase aggregate expenditures.
B. downward and decrease aggregate expenditures.
C. upward and increase aggregate expenditures.
D. upward and decrease aggregate expenditures.
C. upward and increase aggregate expenditures.
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The order of integration
A) can never be zero. B) is the number of times that the series needs to be differenced for it to be stationary. C) is the value of ?1 in the quasi difference(?Yt - ?1Yt-1). D) depends on the number of lags in the VAR specification.
If a firm hires a resource in a perfectly competitive resource market,
a. it must also be a price taker in the product market b. it must also be a monopolist in the product market c. it faces a horizontal marginal resource cost curve d. it faces an upward-sloping marginal resource cost curve e. it faces a downward-sloping marginal resource cost curve
Centralized decisionmaking is most commonly found in
A. emerging economies and industries. B. firms that are expanding into other geographical areas. C. highly vertically integrated firms. D. stable industrial environments.
Which of the following is NOT an assumption used in deriving a production possibilities curve?
A. The quantity of resources is constant. B. Resources are fully employed. C. The labor force is growing at a constant rate. D. Technology is constant.