The investment function would shift inward to the left if
A) real disposable income decreased.
B) there was an increase in business taxes.
C) interest rates increased.
D) there was a positive change in productive technology.
B
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When event B follows event A three times in succession, but people say B following A is "just a coincidence," they usually mean
A) it is highly improbable B will follow A a fourth time. B) it is more common for A to follow B. C) B following A is only a subjective opinion. D) there has not been sufficient observation to connect B positively with A. E) they aren't aware of any causal theory linking B to A.
If a firm operates in a perfectly competitive market, then it will most likely
A) advertise its product on television. B) settle for whatever price is offered. C) have a difficult time obtaining information about the market price. D) have an easy time keeping other firms out of the market.