A usual assumption in real business cycle models is that the economy is populated by a group of identical individuals and the behavior of the group can then be explained in terms of the behavior of one individual, called a(n)
a. maximizing agent.
b. representative agent.
c. republican agent.
d. informative agent.
e. democratic agent
Question 2
Within the IS-LM curve model, if the government cut taxes at the same time that there was an autonomous increase in investment demand, then
a. income would rise and the interest rate would fall.
b. income and the interest rate would rise.
c. income would rise but the effect on the interest rate is uncertain.
d. the interest rate would rise but the effect on income is uncertain.
e. the effects on both income and the interest rate are uncertain.
Measurements of solar cycle variation during the last 30 years
The cardiac cycle and an ECG tracing.
Latin America in the Global Economy
The fate of carbon in the citric acid cycle
CO2 follows glacial cycle
Group of Geese