Which of the following is part of the secondary market?
A) the over-the-counter market B) NASDAQ
C) New York Stock Exchange D) all of these
D
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Tom is buying a quantity of wheat at which the marginal utility (in dollars) exceeds price. He should
A. reduce wheat consumption, thus raising P to the level at which MU = P. B. reduce wheat consumption, thus raising MU to the level at which MU = P. C. increase wheat consumption, thus raising P to the level at which MU = P. D. increase wheat consumption, thus lowering MU to the level at which MU = P.
The GDP growth rate:
A. is a measure to track changes in an economy over time. B. looks at changes in GDP across different time periods. C. is measured as the percent change in real GDP from one time period to the next. D. All of these statements are true.
If the fluctuations in the economy's real growth rate from year to year are caused primarily by variations in the rate at which aggregate demand increases, then data would show the most rapid inflation occurs when
a. unemployment is the highest, and the lowest inflation occurs when unemployment is the lowest. b. AS grows most rapidly, and the lowest inflation occurs when AS grows most slowly. c. AD rises most slowly, and the lowest inflation occurs when AD rises most rapidly. d. output grows most rapidly and the lowest inflation when output grows most slowly.
In 2014, national defense spending as a proportion of GDP was highest in
A. Germany. B. the United States. C. Japan. D. the United Kingdom.