The U.S. economy experienced the Great Depression in the:
A. 1910s.
B. 1940s.
C. 1920s.
D. 1930s.
Answer: D
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Refer to the scenario above. Suppose the cost of advertising in this industry is very high and each company will incur a cost of $3 million annually if they choose to advertise. Which of the following is true in this case?
A) Company A's best response is to advertise if Company B advertises. B) Company B's best response is to advertise irrespective of what Company A does. C) Company A's dominant strategy is to advertise. D) This game does not have a dominant strategy equilibrium.
Refer to the scenario above. Which of the following shifts will increase the total cost?
A) Shift from apartment Close to Far B) Shift from apartment Far to Very Far C) Shift from apartment Very Close to Close D) Shift from apartment Very Far to Extremely Far
If wages and prices adjust slowly, we would expect expansionary monetary policy to be
A) more likely to result in a vertical short-run Phillips curve. B) less likely to reduce the natural unemployment rate. C) more likely to reduce inflation. D) more likely to affect the unemployment rate.
During the 2000 to 2006 time period, housing prices increased but only to a limited degree
a. True b. False Indicate whether the statement is true or false