According to the following figure, demand is unitary elastic at P = $________.
A. 20
B. 10
C. 25
D. 15
E. 5
Answer: C
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The total market value of capital assets in the United States is about $30 trillion dollars.
Answer the following statement true (T) or false (F)
Investment is a smaller component of GDP than consumption, but it is a more stable component
Indicate whether the statement is true or false
The labor force participation rate is the ratio of
A) (the labor force divided by the working-age population) multiplied by 100. B) (the number of unemployed divided by the working-age population) multiplied by 100. C) (the labor force divided by the total population) multiplied by 100. D) (the number of unemployed divided by the labor force) multiplied by 100.
Between 1950 and 1980 in the U.S., interest rates trended upward. During this same time period
A) the rate of money growth declined. B) the rate of money growth increased. C) the government budget deficit (expressed as a percentage of GNP) trended downward. D) the aggregate price level declined quite dramatically.