Which of the following would be a leading indicator?
A. an increase in stock prices
B. personal income in the United States
C. the number of unemployment claims
D. the real interest rate
Answer: C
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Identify the correct statement
a. A monopolist's pricing decision is limited by the demand for its product. b. A monopolist is able to choose any price and quantity combination that it desires. c. A monopolist can increase its profits by increasing price if the demand for its good is relatively elastic. d. A monopolist does not suffer losses even in the short run. e. A monopolist is not able to reap positive profits in the long run.
The broken window fallacy states that when a window breaks and someone spends money to repair it, they have created new economic activity that would not have otherwise taken place
a. True b. False Indicate whether the statement is true or false
Data on total water use in the United States since 1950 show that it has:
A. Continually increased B. Continually decreased C. Increased and then leveled off D. Decreased and then leveled off
Marginal physical product measures the increase in total output that results from a one-unit increase in an input.
Answer the following statement true (T) or false (F)