Which of the following is the most likely cause of a recession according to classical and new classical models?
a. government policy.
b. unstable expectations.
c. a fall in expected profits.
d. an anticipated change in the money supply.
e. none of the above.
A
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Assume that you know the following cost information about Fred's widget company: Its fixed cost is $9, and its total variable cost is $6 for 1 unit; $11 for 2; $ 15 for 3; 20 for 4; and 26 for 5 . Given the above information, a. the marginal cost of the third unit is greater than the marginal cost of the first unit. b. the marginal cost of the fourth unit is the same as the marginal cost of the
second unit. c. the average variable cost of four units is the same as for three units. d. both (b) and (c) are correct.
Which of the following groups derive the highest rate of return from the taxes they pay into the Social Security retirement system?
a. blacks b. whites c. Hispanics d. married women working full-time