The Dow reached a peak of over 11,000 before the collapse of the ________ bubble in 2000
A) housing
B) manufacturing
C) high-tech
D) banking
C
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A pumped storage reservoir used regularly by an electrical utility is efficient for the utility to operate
A) even if it takes twice as much electricity to operate as it generates. B) only if it generates more electricity in the long run than it uses u
If Gorgeous Sands Resort has a constant marginal cost of $20,000 for each resort unit and a constant marginal cost of $500 for operating each resort unit, what is Gorgeous Sands Resort's long-run marginal cost per resort unit?
A) $19,500 B) $20,500 C) $500 D) $20,000
If price rises, what happens to supply of a product?
a. It increases. b. It decreases. c. It does not change. d. Uncertain--economic theory has no answer to this question.
The figure below shows an IS-LM-FE model for an economy with fixed exchange rates. Initially the economy is at Point A, a triple intersection. Here, the FE curve is steeper than the LM curve.
Assume that the economy was initially at Point A. Which of the following could have caused the economy to move to and remain at Point B?
A. Expansionary monetary policy with sterilization B. Contractionary fiscal policy without sterilization C. Expansionary monetary policy without sterilization D. Expansionary fiscal policy with sterilization