Which of the following statements is false?
A. The recession of 2001 was mild.
B. Output in the United States fell by about one-half between 1929 and 1933.
C. The inflation rate declined during the Eisenhower and Reagan administrations.
D. None of these statements are false
B. Output in the United States fell by about one-half between 1929 and 1933.
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If you buy a book of U.S. postage stamps to use to mail love letters to your sweetheart, the purchase is considered part of:
A. C. B. I. C. G. D. X.
You just heard about Burton's annual tent sale going on next week. This will likely cause your demand for a Burton jacket today to:
A. increase because of your income constraint. B. decrease because of your income constraint. C. decrease because of your expectations of the price of Burton jackets next week. D. increase because of your expectations of the price of Burton jackets next week.
What is the relationship between average total cost and marginal cost?
What will be an ideal response?
Which of the following pairs of goods are most likely to have a negative cross-price elasticity of demand?
A) Hotdogs and hotdog buns B) Coke and Pepsi C) Rail tickets and plane tickets D) A Luciano Pavarotti compact disc and a Placido Domingo compact disc (Both Pavarotti and Domingo are opera stars.)