According to Robert Solow, the production function should be written as
A) Y = F(K, L, A). B) Y = F(K, L). C) Y = F(A, L). D) Y = F(K, A).
A
Economics
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The "accelerator hypothesis" of investment states that a firm's net investment is most closely related to the
A) level of its actual sales. B) change in its actual sales. C) level of its expected sales. D) change in its expected sales.
Economics
Real business cycle proponents would agree with all of the following except
a. the government's efforts to stabilize the economy can be counterproductive. b. unanticipated changes in the money supply are destabilizing to the economy. c. business cycles are a natural response to technology shocks. d. markets are perfectly competitive.
Economics