Alternating periods of economic growth and contraction are
A. The result of recurrent shifts of aggregate demand and aggregate supply.
B. The result of government intervention according to Keynes.
C. Not typical of the U.S. economy.
D. Indicative of an unstable economy and require government intervention according to classical economists.
Answer: A
Economics
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A) the country is a net lender with the rest of the world. B) the country is running a net capital account surplus. C) foreign investment in domestic securities is at very low levels. D) All of the above.
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You win a lottery that pays $50,000 each year for the next 10 years beginning next year. How much are your winnings worth today?
A. $0 B. $50,000 C. $500,000 D. indeterminate with the given information
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