Multiple Choice
John Maynard Keynes described periods of irrational pessimism and optimism that affect the investment behaviour of firms as animal spirits.When considering the investment behaviour of firms,animal spirits can be thought of as changes in the
A) actual marginal product of capital.
B) capital stock.
C) expected marginal product of capital.
D) user cost of capital.
Correct Answer:
Verified
Correct Answer:
Verified
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