Examlex
Use a saving-investment diagram to explain what happens to saving,investment,and the real interest rate in each of the following scenarios in a closed economy.
(a)In an agricultural economy,great weather this year promises a bumper crop next year,leading citizens to expect higher income next year.
(b)Government regulations going into effect next year will reduce the marginal product of capital.
(c)The government increases lump-sum taxes on citizens.
Instinct
Natural, unchanging behaviors exhibited by animals in reaction to specific triggers.
Drive-Reduction
A theory of motivation that posits the reduction of physiological needs drives behavior towards achieving homeostasis.
Arousal Approach
a theory in psychology that focuses on how arousal levels affect performance, suggesting an optimal level of arousal for peak performance depending on the task complexity.
William McDougall
A psychologist known for his work on instinct theory and social psychology, advocating for the inclusion of innate tendencies in explaining behavior.
Q8: How many people are employed if the
Q11: The Fed has announced that it plans
Q15: In the sulfur cycle many microbes convert
Q24: How would the desired capital stock be
Q46: The computerization of police departments throughout the
Q52: A government policy that would raise the
Q74: If consumers foresee future taxes completely,a reduction
Q80: An adverse supply shock,such as a reduced
Q84: Suppose output is $440 billion,government purchases are
Q92: Suppose the government provides a tax cut