Which of the following is false?
A. The U.S. has had twelve recessions since January 1945.
B. The U.S. has had a great deal of stagflation in the 1970s.
C. The U.S. has not had a depression since the 1930s.
D. The U.S. had rising inflation all throughout the 1990s.
D. The U.S. had rising inflation all throughout the 1990s.
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The market where one currency is converted into another currency is called the ________ market
A) stock B) bond C) derivatives D) foreign exchange
Marginal cost is the ____________ cost of producing one additional unit and marginal revenue is the_____________ revenue of selling an additional unit
a. Incremental, Incremental b. Total, Incremental c. Incremental, Total d. Total, Total
A second-price auction
a. is also called a Vickrey auction b. is where bidders submit increasing bids until all but one remains c. is where the sole remaining bidder wins and pays his winning bid d. all of the above
Keynes argued that the factors that make up aggregate demand are stable and do not change unexpectedly.
Select whether the statement is true or false. A. True B. False