Refer to Exhibit 2-5. The opportunity cost of moving from point D to point C is
What will be an ideal response?
10,000 fax machines
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__________ trading volume promotes __________ bid-asked spreads
A) Large; wide B) Large; narrow C) Small; narrow D) None of the above.
When there is an inflationary gap:
a. Unemployment exceeds the natural rate of unemployment. b. Unemployment equals the natural rate of unemployment c. Unemployment is less than the natural rate of unemployment. d. Any of the above is possible.
Use the following table to answer the question below. Price per UnitQuantity Demanded per YearQuantity Supplied per Year$52,0000101,800300151,600600201,400900251,2001,200301,0001,500There will be a shortage whenever the price is
A. higher than $25. B. equals $25. C. higher than $30. D. lower than $25.
Which of the following will most likely occur during the recovery phase of a business cycle?
A. Real GDP rises, and unemployment falls. B. Real GDP declines, and inflation rises. C. Interest rates rise, and the number of business failures rise. D. Inflation rises, and employment falls.