Deregulation of the airline and trucking industries was followed by the creation of many new firms.

People hold money as an asset rather than other assets because

A) it holds its value. B) there is no cost to holding money as an asset. C) it grows in value. D) it is highly liquid.

Accelerator theory refers to the theory of

A) consumption that emphasizes that current consumer spending depends positively on the expected future growth of GDP. B) investment that emphasizes that current investment spending depends positively on the expected future growth of government spending. C) consumption that emphasizes that increases in consumption spending will result, through the multiplier effect, in greater increases in GDP. D) investment that emphasizes that current investment spending depends positively on the expected future growth of GDP.