Choosing from among the following, the worst recession was in
A. 1937-1938.
B. 1980.
C. 1990-1991.
D. 2001.
A. 1937-1938.
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In the above figure, the unregulated, competitive market equilibrium is tuition of ________ and the equilibrium quantity is ________ students in college
A) $18,000; 30 million B) $12,000; 40 million C) $6,000; 50 million D) $18,000; 50 million
If fluctuations in interest rates become smaller, then, other things equal, the demand for stocks ________ and the demand for long-term bonds ________
A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases
What are the primary arguments in favor of a rules approach, and what are the primary arguments in favor of a discretion approach?
What will be an ideal response?
Under a perfectly competitive price system
a. an equitable allocation of the available resources will always result. b. there is no opportunity for individuals to trade amongst themselves. c. there is no reason to expect that voluntary trading will result in an equitable allocation of the available resources. d. None of the above will result.