The kinked demand curve is based on the idea that
A) you will follow my price increase but not my price cut.
B) you will follow my price cut but not my price increase.
C) you will follow all price changes I might initiate.
D) you will not follow my behavior at all.
B
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Real (adjusted for inflation) federal spending per person in the United States
a. has increased by approximately 10 percent per decade during the last 225 years. b. increased more rapidly during the nineteenth century than during the twentieth century. c. in 2012 was approximately 80 times the level of 1916. d. increased rapidly during the first half of the twentieth century but has changed very little since 1950.
When a firm builds a new factory, this is an example of an investment in:
A. human capital. B. physical capital. C. research and development. D. the market.