Which of the following is NOT one of a group of variables that make up the Index of Leading Indicators?
A. New building permits issued
B. The unemployment rate
C. Index of stock prices
D. The money supply
B. The unemployment rate
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Which of the following is the best example of a differentiated product?
A) beets in the local supermarket B) diamonds C) airlines D) running shoes E) electricity
Macroeconomic equilibrium is always good, because:
a. It gives the nation a breather and allows it to catch up with itself economically. b. Because it is the only place where actual demand equals actual supply. c. Because it is the only place where planned demand equals planned supply. d. Actually, macroeconomic equilibrium can be either good or bad. It is not always good. e. All of the above.
Average total cost and marginal cost express information that is already contained in a firm's total cost
a. True b. False Indicate whether the statement is true or false
One example of thinking at the margin is:
a) determining whether it is better to spend your savings on a new CD player or on a television b) deciding whether the benefit of working two extra hours per day is worth the sacrifice of study time c) putting all your money in a savings account because the interest rates are so high d) deciding to buy a car you don't really like because it is significantly less expensive than the one you want