Changes in real planned investment spending have
A) an inverse relationship to changes in the interest rate.
B) no identifiable relationship to changes in the interest rate.
C) a direct relationship to changes in the level of household savings.
D) a direct relationship to changes in interest rates.
A
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Firms in oligopoly can achieve an economic profit
A) always in the long run. B) if they cooperate. C) only if the demand for their products is inelastic. D) only if the demand for their products is elastic. E) if they reach the non-cooperative equilibrium.
A chief criticism of adaptive expectations is that
A) it assumes people ignore information that would be useful in making forecasts B) people have a hard time adapting C) it doesn't rely on technical analysis D) it violates the efficient markets hypothesis