The length of the business cycle in any business cycle theory can vary, but the long-wave cycle (or longer wave cycle) refers to
a. war-induced business cycle theory
b. the equilibrium of national income theory
c. the innovation cycle theory
d. interaction of the accelerator and multiplier theory
e. real business cycle theory
C
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In the above figure, an increase in the expected profit will result in a movement from point E to
A) point F. B) point G. C) point H. D) point I.
Special Drawing Rights are issued by the
a. International Monetary Fund. b. Bretton Woods Organization. c. General Agreement on Tariffs and Trade. d. World Bank.
There is only a small difference in wages between college graduates and workers who did not attend college
a. True b. False Indicate whether the statement is true or false
Policy makers with conservative values usually ask for policy recommendations from:
A. "liberal" economists. B. all economists. C. both "liberal" and "conservative" economists. D. "conservative" economists.