The idea that changes in investment and changes in national income are mutually reinforcing is the foundation of
a. the sunspot theory
b. the war-induced cycle
c. the housing cycle
d. the innovation cycle
e. internally generated cycles
E
Economics
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In the economic way of thinking, private property rights provide people with
A) rules of the game. B) dependable information. C) incentives. D) none of the above. E) all of the above.
Economics
The Keynesian AD curve differs from the classical AD curve in that:
a. the classical AD curve can shift in response to non-monetary shocks. b. the Keynesian AD curve can shift in response to monetary shocks. c. the Keynesian AD curve can shift in response to non-monetary shocks. d. there is no difference, both are determined by the quantity theory. e. none of the above.
Economics