From 2007 to 2015, the amount of assets owned by the Fed approximately
A) doubled.
B) tripled.
C) quadrupled.
D) quintupled.
D
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If a firm lowered the price of the product it sells and found that total revenue did not change, then the demand for its product is
A) perfectly inelastic. B) perfectly elastic. C) unit elastic. D) relatively elastic.
A ________ yield curve predicts a future increase in inflation
A) steeply upward sloping B) slight upward sloping C) flat D) downward sloping
Suppose that personal income is $250 billion. Furthermore, assume that retained corporate earnings are $2 billion, social security taxes are $15 billion, social security benefit checks equal $16 billion, the capital consumption allowance is $32 billion, and corporate taxes amount to $40 billion. Gross national product of this nation will be:
a. $177 billion. b. $259 billion. c. $291 billion. d. $343 billion. e. $323 billion.
Oligopolies are known for the mutual interdependence of firms
Indicate whether the statement is true or false