Investment spending includes spending on:
A. capital goods, residential housing, and changes in inventories.
B. stocks, bonds, and other financial instruments.
C. durables, nondurables, and services.
D. goods and services by federal, state, and local governments.
Answer: A
Economics
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Under the adaptive method of estimating expected sales in the simple acceleration theory, if a firm's actual sales increase,
A) expected sales will increase if j is greater than zero. B) expected sales will remain the same if j equals zero. C) expected sales will equal the previous period's actual sales if j equals one. D) All of the above are correct.
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For most goods and services the income elasticity of demand is
A) negative. B) positive. C) invisible. D) inverse.
Economics