If the data show that periods of high economic growth rate accompanied by high inflation rates, then changes in aggregate demand are the primary source of economic fluctuations
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is NOT directly included in U.S. GDP?
A) sales to tourists of beach umbrellas in Hilton Head, South Carolina B) ticket sales to Ripley's Aquarium in Gatlinburg, Tennessee C) sales of sandwiches at a Subway store in Bangor, Maine D) popcorn purchased by a movie theater chain in Georgia E) movie tickets purchased by consumers in Georgia
A student athlete is deciding whether to work out for an extra hour. Her marginal benefit from another hour of exercise
A) is the benefit she gets from all the hours she's worked out all week. B) is the benefit she receives from exercising the additional hour. C) is less than the marginal cost of the additional hour. D) depends on the cost of the workout.
The discount rate is the interest rate that the Federal Reserve charges banks for borrowing from the Fed
Indicate whether the statement is true or false
Business cycles in the United States after World War II have been
A. more severe than before the war. B. less severe than before the war. C. the same as the prewar cycles. D. easier to predict than the prewar cycles.