It is easy for a firm to change the capital equipment it is using in the short run by going to the loanable funds market
Indicate whether the statement is true or false
F
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In comparing one market basket, A, to others to the northwest or southeast, we can say that a typical consumer will
a. prefer A to any other market basket. b. prefer any other market basket to A. c. be indifferent between A and any other market basket. d. find any of the above are possible.
An explanatory forecasting technique in which the analyst must select independent variables that help determine the dependent variable is called
A) exponential smoothing. B) regression analysis. C) trend analysis. D) moving average method.
When determination of rent is left to the market,
A. that rent price is almost entirely determined by the supply side. B. that price can settle at politically unpopular levels. C. land is fairly distributed among the members of society. D. the supply of land will be perfectly elastic.
As disposable income increases, consumption:
A. may either increase or decrease depending on the mpc. B. decreases. C. may either increase or decrease depending on the wealth effect. D. increases.