"Never put all your eggs in one basket." This saying refers to the concept of
a. averaging.
b. market timing.
c. diversification.
d. leveraging.
c
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
A budget deficit
a. occurs when government receipts are less than spending. b. occurs when government spending is less than receipts. c. occurs when government receipts are equal to spending. d. is the accumulation of years of government overspending.
When an employer that controls the demand for labor opposes a union that controls the supply of labor, it is called a ________________.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are D2 and S2. If the supply shifts to S1 and demand remains unchanged at D2
A. the dollar depreciates and the equilibrium quantity of pounds decreases. B. the dollar appreciates and the equilibrium quantity of pounds increases. C. the dollar depreciates and the equilibrium quantity of pounds increases. D. the dollar appreciates and the equilibrium quantity of pounds decreases.