The worst hyperinflation ever recorded happened in:
A. Hungary.
B. Brazil.
C. Zimbabwe.
D. Germany.
A. Hungary.
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A sudden technological breakthrough in an economy would:
a. have no impact on real GDP. b. cause aggregate demand to fall. c. lower the natural rate of unemployment. d. increase the price level. e. cause aggregate supply to rise.
Shares of ownership in a corporation are known as
A. Corporate stock. B. Corporate bonds. C. Savings bonds. D. Retained earnings.
The market demand is the:
A. horizontal sum of all individual demand curves in a market. B. horizontal sum of all individual prices in a market. C. sum of all individual demand curves and supply curves in a market D. vertical sum of all individual demand curves.
There are many wheat farmers in the world, and there are also many McDonald's restaurants in the world. Why, then, does a McDonald's restaurant face a downward-sloping demand curve while a wheat farmer faces a horizontal demand curve?
What will be an ideal response?