J. J. Joubert, of the Joubert Dairy, tells his friend Jacques that the average revenue he gets for a liter of milk is $1 . We know then that $1 is the dairy's

What other markets were affected by the decline in the housing market beginning in 2006? Briefly explain why

What will be an ideal response?

If you believe that expectations react slowly, you are likely:

a. a believer in rational expectations b. a Keynesian c. a theoretical economist d. None of these.