For all intents and purposes, the Great Depression ended in
A. 1933.
B. 1937.
C. 1941.
D. 1945.
C. 1941.
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Millions of people wake up each morning, they get dressed and go to work by travelling on our nation's freeways early in the morning during rush hour
Why might this seemingly private activity actually result in a negative externality? Why might motorists not really worry about it very much?
Refer to the figure above. If A forms a customs union with C, the quantity of trade creation will be
A) 100 units. B) 70 units. C) 30 units. D) None of the above.
The tendency for nominal interest rates to be high when inflation is high and low when inflation is low is known as:
A. deflating. B. shoe leather costs. C. the Fisher effect. D. the consumer price index.
Keynesians believe that the economy will never will reach a full employment equilibrium.
Answer the following statement true (T) or false (F)