The trade-off between unemployment and inflation is known as
A. an expansionary gap.
B. the Phillips curve.
C. the misery curve.
D. the Keynesian mechanism.
Answer: B
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In 2008, federal, state, and local redistribution programs were most close to
a. $20.0 trillion b. $200.0 billion c. $2.0 billion d. $200.0 trillion e. $2.0 trillion
A price elasticity of demand of 2 for a specific cola means that if the price increases 1 percent, the quantity demanded of the cola will decrease by 2 percent
a. True b. False
An organization owned by two or more persons in which only one person has unlimited personal liability for the business:
a. cooperative b. corporation c. trade association d. limited partnership e. sole proprietorship
You are provided with the following information: a bank has a net income after taxes of $3.5 million; it has assets of $150 million; and bank capital of $12.5 million. What is the bank's return on assets; its return on equity, and its debt-to-equity ratio?
What will be an ideal response?