The tendency of many economic variables to move together in a predictable way over the business cycle is called
A) recurrence.
B) persistence.
C) comovement.
D) inflation.
C
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In the figure above, line A represents the
A) the line of market income distribution. B) line of equality. C) line of equal number of people in each household. D) line of equal consumption in each household.
Which of the following is a coupon bond?
A) a U.S. savings bond B) a U.S. Treasury bill C) a U.S. Treasury note or bond D) a zero-coupon bond
Constant returns to scale occur when a firm's
a. marginal costs are constant as output increases. b. long-run average total costs are decreasing as output increases. c. long-run average total costs are increasing as output increases. d. long-run average total costs do not vary as output increases.
Figure 18.3Refer to Figure 18.3. The opportunity cost of producing scooters in Livonia is:
A. 2/3 of a pogo stick. B. 6/5 of a pogo stick. C. 1.5 pogo sticks. D. 1.25 pogo sticks.