Corporations produce most of the output in the United States
a. True
b. False
Indicate whether the statement is true or false
True
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In the IS equation, which of the following is an endogenous variable?
A) autonomous investment B) autonomous net exports C) taxes D) all of the above E) none of the above
When a freely functioning market is in disequilibrium:
a. the government must set a price ceiling. b. the government must set a price floor. c. the price and quantities demanded and/or supplied change until equilibrium is established. d. it will continue to remain in disequilibrium. e. it will reach equilibrium at a very high/low price.
The Fed's low short-term interest rate policy of 2002 to 2004 encouraged decision makers to
A) make large down payments when purchasing housing. B) borrow more and increase their purchases of housing. C) borrow less and reduce their purchases of housing. D) purchase housing only if it could be financed with a 30-year, fixed interest-rate mortgage.
Considering the law of one price, evidence in the foreign exchange markets over brief intervals shows:
A. the law works most of the time. B. the law only works in the very short run. C. this is the closest thing to a perfect law in economics. D. that the law fails most of the time.