An individual deposits a certain amount in a bank. The amount deposited is referred to as ________
A) interest
B) principal
C) installment
D) time value of money
B
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Which of the following leads to a recession?
A) An accumulation of money in the economy B) An accumulation of mistakes in the economy C) An accumulation of non-renewable resources in the economy D) An accumulation of irrational decisions among businesses and households
In the long run, a perfectly competitive firm earn _______ economic profits
a. positive. b. negative. c. zero. d. positive or negative.
Sticky wages and prices may cause quick shifts in aggregate demand and the macroeconomy.
Select whether the statement is true or false. A. True B. False
The most common form of merger(s) in the U.S. economy is (are)
a. the horizontal merger b. the vertical merger c. the conglomerate merger d. horizontal and vertical mergers (equally common) e. horizontal and conglomerate mergers (equally common)