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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A leftward shift of the BP schedule co the result of an
a. exogenous rise in import demand. b. exogenous fall in export demand. c. increase in the foreign demand for capital. d. increase in the foreign interest rate. e. both a and b.
When the price level is below the level at which the aggregate demand curve crosses the long run aggregate supply curve
A) total planned real expenditure will be lower than actual real GDP, and the price level will increase. B) there will be no price level change. C) there will be pressures that will lead to a shift of either the aggregate demand or the long run aggregate supply curves. D) total planned real expenditures will exceed actual real GDP, and the price level will increase.
The present value of $300,000 in 12 years at 4 percent interest is approximately:
A. $312,451. B. $187,379. C. $427,126. D. None of these statements is true.
Being a first mover means:
A) Being the first firm to offer a product in a particular market. B) Being successful. C) Asking for failure. D) Nothing unless the firm continues to be the first mover. E) That there is never a benefit to not being the first mover.