The recession of 1937-38 had two basic causes: (1) _______________________; and (2) _________________________.
Fill in the blank(s) with the appropriate word(s).
The federal government tried to balance its budget; the Federal Reserve slowed the growth of the money supply
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Isabella wishes to buy gasoline and have her car washed. She finds that if she buys 9 gallons of gasoline at $1.50 per gallon, the car wash costs $1, but if she buys 10 gallons of gasoline, the car wash is free. For Isabella, the marginal cost of the tenth gallon of gasoline is
a. zero. b. 50 cents. c. $1. d. $1.50.
If U.S. exports are $300 billion and U.S. imports total $350 billion, which of the following is correct?
a. The U.S. has a trade surplus of $350 billion. b. The U.S. has a trade surplus of $50 billion. c. The U.S. has a trade deficit of $350 billion. d. The U.S. has a trade deficit of $50 billion.
One key assumption behind the policy irrelevance proposition is that
A. prices are "sticky" upward. B. markets are not purely competitive. C. wages are "sticky" downward. D. the rational expectations hypothesis holds.
Collective bargaining refers to
A) negotiations between workers and health officials. B) negotiations between management of a company and a labor union. C) farming methods in Marxist states. D) the process of electing union leaders.