A small change in a variable is
A) a ceteris paribus change. B) an efficient change.
C) a marginal change. D) an average change.
C
You might also like to view...
To arrive at a complete theory of exchange rate determination, we use:
a. the short-run monetary approach, the long-run monetary approach, and a good dose of common sense. b. the short-run asset approach, the long-run monetary approach, and real interest parity. c. real-world phenomena such as sticky prices, government inefficiency, and imperfect markets. d. information on financial markets, political realities, and the large government debt.
The term investment refers, in general, to
A) any action today that has costs today. B) any action today that has costs today but provides expected benefits in the future. C) only large projects, such as building a new factory, undertaken by private firms. D) only the creation of capital goods undertaken by private firms or the government.