Business cycles are:
A. movements in stock prices.
B. the transfer of executives between firms.
C. used to describe fluctuations in GDP.
D. a description of the time required to bring a new product to market.
Answer: C
You might also like to view...
Refer to Scenario 11.1. How much would Mariana expect to pay each landowner for his or her land?
A) $200,000 B) $400,000 C) $600,000 D) $3 million
Under adaptive expectations theory, an increase in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate
a. increases; increases b. increases; decreases c. increases; does not change d. decreases; increases
A price floor set above the equilibrium price is binding
a. True b. False Indicate whether the statement is true or false
A car rental company will earn a net income of $6,000 per year on a new car for the first three years of its life. After three years, the car will be worthless. If the interest rate is 10 percent (0.10) per ear, what is the present value of the car to the car rental company? (Assume that each year's income is received at the end of the year.)
a. $16,413.22 b. $14,921.11 c. $18,000.00 d. $16,363.62 e. $13,523.67