Historical note: Since the end of World War II, the U.S. economy has experienced
a. no recessions
b. one recession
c. approximately one recession each year
d. 100 recessions
e. 11 recessions
E
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For a country in autarky, the opportunity cost of the good on the horizontal axis is the same as
A) the relative price of the good on the vertical axis. B) the relative price of the good on the horizontal axis. C) the opportunity cost of the good on the vertical axis. D) Both A and C. E) None of the above.
The acquisition of more than 10 percent of the shares of ownership in a company in another nation is called
A) portfolio investment. B) gross private international investment. C) foreign direct investment. D) majority investment.
Which of the following shifts both the short-run and long-run aggregate supply right?
a. an increase in the actual price level b. an increase in the expected price level c. an increase in the capital stock d. None of the above is correct.
On the contract curve the ______ for both consumers are the same
Fill in the blank(s) with the appropriate word(s).