Refer to the information for this hypothetical economy provided in Table 20.2 below to answer the question(s) that follow.Table 20.2 2014 2015 2016QuarterIIIIIIIVIIIIIIIVIIIIIIIVOutput98949010210510811010397949090Refer to Table 20.2. In this economy, an expansion existed around the
A. third quarter of 2014 to the third quarter of 2015.
B. first quarter of 2016 to the fourth quarter of 2016.
C. fourth quarter of 2014 to the fourth quarter of 2015.
D. first quarter of 2015 to the first quarter of 2016.
Answer: A
You might also like to view...
If corn and soybean are alternative crops grown by most farmers, an increase in the price of corn, other things constant, is likely to:
a. increase the supply of corn. b. ?increase the supply of soybeans. ? c. decrease the supply of soybeans. ? d. decrease the supply of corn. ? e. decrease the demand for soybeans.
A firm's net worth is equal to the value of its
A) assets minus the value of its liabilities. B) liabilities minus the value of its assets. C) common stock minus the value of its outstanding bonds. D) outstanding bonds minus the value of its common stock.
What is the marginal cost of producing the tenth unit?No. units producedTotal RevenueTotal Costs000101204020200100302701704031026050330370
A. 5 B. 80 C. 40 D. 4
How much is autonomous consumption when disposable income is $800 billion?
A. 0
B. $200 billion
C. $400 billion
D. $600 billion
