Keynes referred to the sharp, often irrational, changes in the outlook of investors as the ________ of investors.
A) animal spirits
B) primal needs
C) chaotic behavior
D) crowd psychology
Correct Answer:
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Q1: The term investment refers, in general, to
A)
Q2: Procyclical variables _ during expansions and _
Q4: What is most affected by the expected
Q5: Investment spending tends to be
A) procyclical.
B) anticyclical.
C)
Q6: The multiplier-accelerator model was developed by
A) John
Q7: Accelerator theory refers to the theory of
A)
Q8: Ceteris paribus, as real GDP expected growth
Q9: If firms receive an economic forecast predicting
Q10: When investors reduce their investment spending, it
Q11: Recall the Application about energy price uncertainty
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