The longest contractionary period in the U.S. Economy since 1854 was how long?
a. 3 ½ years
b. 4 ½ years
c. 5 ½ years
d. 6 ½ years
c
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Net investment is
A) the same as gross investment. B) gross investment minus depreciation. C) the same as depreciation. D) the same as wealth. E) gross investment plus depreciation.
Goods that are not rival in consumption, but are excludable are:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.
Which of the following statements is false?
a. Profit is increasing when marginal revenue is greater than marginal cost. b. Marginal cost is always decreasing. c. Marginal and average total costs are equal at the most efficient production level. d. The AFC and AVC curves cross. e. The AFC and ATC curves do not cross.
Which of the following is included in investment, according to economists?
A.) Production of plant and machinery. B.) Purchases of corporate stock. C.) Money put into a pension fund. D.) Dollars spent in the stock market.