From 1929 to 1932, the total value of the stock market:
A. more than tripled.
B. decreased by nearly 90 percent.
C. more than quadrupled.
D. stayed the same.
Answer: B
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Stan owns a software design business. He does not have time to expand his office space or redesign the layout of his office
He can increase the amount of work he does by working more hours, asking his current employees to work more hours, or hiring more employees. The relationship between Stan's inputs and the maximum output his firm can produce is called his A) short-run production function. B) cost function. C) long-run production function. D) production possibilities frontier.
According to the following figure, what could have caused a consumer's budget line to shift from ML to MN?
A. a decrease in the price of Y B. a decrease in the price of X C. an increase in the price of Y D. an increase in the price of X E. cannot determine without more information
Ted moves into his first apartment. He buys a barely used washer/dryer set from Craigslist and hires a company to pick it up and deliver it to his apartment. What about this transaction will be counted in GDP?
A. The value of the delivery service B. The value of the washer/dryer set and the delivery service C. Nothing about this transaction will count toward GDP D. The value of the washer/dryer set
All else constant, an increase in the supply of
A) increases the equilibrium quantity and the equilibrium price of bonds. B) increases the equilibrium quantity and decreases the equilibrium price of bonds. C) decreases the equilibrium quantity and increases the equilibrium price of bonds. D) decreases the equilibrium quantity and the equilibrium price of bonds.