Expectations about future profitability
A) only affect the level of investment and GDP in the future.
B) only affect the level of investment in the future, but can affect the level of GDP in the present.
C) can affect the level of investment and GDP in the present.
D) only affect the level of GDP in the future, but can affect the level of investment in the present.
C
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A supply shock that reduces total factor productivity directly affects which term in the production function Y = AF(K, N)?
A) A B) F C) K D) N
Who among the following people will an economist consider underemployed?
a. Someone who prefers to spend more time on leisure and less time on wage-earning activities b. A person who is working part-time at wage-earning activities, but prefers a full-time employment c. A rock star who voluntarily chooses to work part-time d. Someone who is in prison and is willing to work from his cell e. A gardener who hates plants but still does the job because he or she has no other skills
Tiffany has just graduated from Stanford University and has applied for a job as an engineer at a manufacturing plant. The manufacturer decides to offer Tiffany a job because it perceives she's gained valuable skills while at Stanford. To which of the following views of education does the manufacturer subscribe?
a. signaling b. human-capital view c. compensating-differentials d. superstar
On which of these bonds is the prospect of default most likely?
a. a junk bond b. a municipal bond c. a U.S. government bond d. a corporate bond issued by Proctor & Gamble Corporation