The period of modern economic growth occurred from ________________________ onward.
a. 1776
b. the 1870s
c. the 1920s
d. the 1950s
b. the 1870s
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During the severe 2007-2009 recession, Delta Airlines sold ________ passenger tickets and ________ the prices of the tickets it did sell. The result was a $1.2 billion loss in 2009
A) fewer; raise B) more; raise C) more; cut D) fewer; cut
Which of the following explains how to use the Herfindahl-Hirschman Index?
a. Summing the squares of the market share of each firm in the industry b. Calculating each firm’s share of the total sales in the industry c. Multiplying the squares of the market share of each firm in the industry d. Dividing each firm’s share of total industry sales by the firm’s sales
Professor Tabarrok suggests that monetary policy is both an art and a science because of the complexity of answering all of the following questions EXCEPT:
A. how to use monetary policy tools. B. where to apply monetary policy tools. C. when to use monetary policy tools. D. which monetary policy tools to use.
Explain how the asset-price channel of monetary policy works in real estate markets.
What will be an ideal response?