If you believe that expectations react slowly, you are likely
A. a believer in rational expectations.
B. a Keynesian.
C. a theoretical economist.
D. None of the above is correct.
Answer: B
Economics
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Which of the following changes would cause American net exports to increase?
A) An increase in the real value of the dollar B) An increase in American income C) An increase in foreign income D) A shift in demand by American consumers away from domestically produced goods
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Business cycles in the United States after World War II have been
A. more severe than before the war. B. less severe than before the war. C. the same as the prewar cycles. D. easier to predict than the prewar cycles.
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