A tycoon purchasing a loss making company will install new management teams only as long as the marginal value of the additional information these teams generate is worth the cost of installing them
Indicate whether the statement is true or false
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Consider a demand curve for peaches. Which of the following movements will be observed if the price of peaches decline at a point in time?
a. The demand curve will rotate inward at the given price level. b. The will be a movement up along the demand curve. c. The demand curve will rotate outward at the given price level. d. There will be a downward movement along the demand curve. e. The demand curve will become steeper.
Think of the aggregate expenditure model. At the point where the aggregate expenditure curve intersects the 45-degree (or income) line,
a. C = I b. I = C + S c. Y = S d. Y = S + I e. S = Ii
Nonmarket transactions are omitted from GDP because ______.
a. they are covered by other economic measurements. b. people who do them are often illegal aliens c. they fail to make enough of an impact on the economy d. reliable information is lacking for them
Macroeconomics first developed as a new subfield of economics:
A. as a result of Adam Smith's publication of The Wealth of Nations in 1776. B. in response to the severe economic hardships of the Great Depression. C. when Adolf Hitler ordered economists to learn more about national economies. D. following the oil price increases of the 1970s.