If the actual capital stock exceeds the desired capital stock due to a cycle of overbuilding, then
A) net investment will fall dramatically.
B) net investment will increase dramatically.
C) net investment will not change.
D) the effect on net investment is unknown.
A
Economics
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In the above figure, as Brendan's income falls his consumption bundle moves from point A to point E. This implies that for Brendan, compact discs are ________ good and haircuts are ________ good
A) a normal; an inferior B) a normal; a normal C) an inferior; an inferior D) an inferior; a normal
Economics
To understand most of today's economic activity in the U.S. economy, we should look at which of the following models?
a. perfect competition and pure monopoly b. perfect competition and oligopoly c. oligopoly and monopolistic competition d. monopolistic competition and monopoly
Economics