The Kuznets cycle, named for Nobel Laureate Simon Kuznets who developed this business cycle theory, focuses on
a. the climatic cycles caused by movements in the solar system
b. the impact of war activity on the economy
c. housing construction
d. the clustering of innovations
e. the interaction of the multiplier and the accelerator
C
Economics
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Financial markets are
A) markets where money is traded between the Fed and economic agents. B) markets where funds accumulated by one group are made available to another group. C) banks interact to lend and borrow reserves. D) the market where capital goods are traded.
Economics
Exhibit 8-5 A firm's MR and MC curves
In Exhibit 8-5, a firm is currently producing 40 units of output. What would you advise this firm to do?
A. Shut down. B. Increase output. C. Decrease price. D. Decrease output.
Economics