One In the News article titled "Sharpest Economic Decline in 26 Years" states that
A. The drop in real GDP in 2008 was the greatest in 50 years.
B. Real GDP fell by 6.8 percent in the last quarter of 2007.
C. Real GDP fell by 3.8 percent in the last quarter of 2008.
D. The drop in real GDP in 2008 was the greatest since the Great Depression.
Answer: C
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What is the Coase theorem?
What will be an ideal response?
Which statement is false?
A. Foreigners have reinvested most of the dollars they have earned trading with us in U.S. government and corporate securities, real estate, and direct investment in plant and equipment. B. Until the early 1980s Americans were investing much more in foreign countries than foreigners were in the United States. C. Our capital and current accounts add up to zero. D. None of these statements are false.
What is the post-tax equilibrium quantity in this market?
A. between 70 units and 100 units B. less than 70 units C. greater than 100 units D. 70 units
Why does the slope of the aggregate supply curve change from the short run to the long run?
What will be an ideal response?