Between the second quarter of 2006 and the first quarter of 2009, the value of housing wealth
A. increased by about $500 billion per quarter.
B. increased by about $13 trillion per quarter.
C. decreased by about $7 trillion per quarter.
D. decreased by about $600 billion per quarter.
Answer: D
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How do RBC theorists answer the objection that there have been few examples of large and easily measurable real shocks to the U.S. economy in recent decades?
What will be an ideal response?
Cold Duck Airlines flies between Tacoma and Portland. The company leases planes on a year-long contract at a cost that averages $600 per flight. Other costs (fuel, flight attendants, etc.) amount to $550 per flight. Currently, Cold Duck's revenues are $1,000 per flight. All prices and costs are expected to continue at their present levels. If it wants to maximize profit, Cold Duck Airlines should
a. drop the flight immediately. b. continue the flight. c. continue flying until the lease expires and then drop the run. d. drop the flight now but renew the lease if conditions improve.
Refer to the table below. In 2004, what would be the U.S. dollar cost of one euro?
The following table shows the foreign currency per U.S. dollar near the end of January of each year listed.
A. $0.81
B. $1.14
C. $1.23
D. $1.62
A rise in the U.S. price level brings a ________ in the price of U.S. exports relative to imports that ________ exports of U.S. goods, bringing ________ in the quantity of U.S. real GDP demanded
A) fall; increases; an increase B) rise; decreases; a decrease C) fall; decreases; a decrease D) rise; increases; a decrease E) rise; increases; an increase