According to your authors, the "Great Recession" that began in 2008 is evidence of

A) an unstable free market system.
B) rampant greed among entrepreneurs.
C) a cluster or accumulation of errors.
D) antagonistic interests among the propertied and nonpropertied classes.
E) all of the above.


C

Economics

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The amount by which consumption increases when disposable income increases by $1 is called:

A. the consumption function. B. autonomous expenditure. C. an automatic stabilizer. D. the marginal propensity to consume.

Economics

Entitlements are government programs for which _____

a. funds are provided for those who meet the eligibility requirements b. funds are appropriated to an agency in one lump sum c. social services are provided d. b and c

Economics

Suppose the accompanying table describes the relationship between price and quantity demanded for a monopolist.  QuantityPrice1$102$93$84$75$66$57$48$3If the marginal cost of producing each unit of output is $5, then this monopolist maximizes its profit by charging ________ per unit.

A. $5 B. $6 C. $8 D. $3

Economics

Oligopolies can result from any of the following EXCEPT

A. government regulation. B. economies of scale. C. vertical mergers. D. diseconomies of scale.

Economics