Relative to the first quarter of 2000, housing prices ________ in Ireland between 2000 and 2009.

A. doubled
B. decreased by 100 percent
C. increased by 150 percent
D. tripled


Answer: C

Economics

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In order to be classified as a recession, a contraction of general economic activity must last at least

A) one year. B) six months. C) one period. D) one quarter. E) None of the above because recessions do not have a minimum length.

Economics

In 2012, Ben Bernanke expressed which concern about persistently high unemployment?

A) It would result in high inflation. B) It would result in structural damage to the economy that would last for years. C) It would never decline to desired levels. D) It would cost him his job.

Economics

Table 17.1 YearReal GDPPopulation1$575 billion22 million2$580 billion24 million3$605 billion25 million4$606 billion27 millionRefer to Table 17.1. GDP per capita was the

A. Greatest in year 1. B. Same each year. C. Greatest in year 3. D. Greatest in year 2.

Economics

Our natural unemployment rate is most closely related to

A. frictional unemployment. B. seasonal unemployment. C. structural unemployment. D. full employment.

Economics