When was the closest the United States has ever gotten to hyperinflation?
a. During the Great Depression
b. During the Great Recession
c. During the Civil War
d. During World War II
c. During the Civil War
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In the long run, a firm in monopolistic competition has its price equal to ________ and also has its price ________
A) marginal cost; exceeding its average total cost. B) marginal cost; equal to its average total cost C) average total cost; exceeds its marginal cost D) average total cost; less than its marginal cost
When people in the United States answer government surveys about how they feel about things, most report they are:
a. Very happy b. Pretty happy c. Not too happy d. Miserable
Which of the followingcorrectlyis the money multiplier?
a. The required reserve ratio. b. 1/(1 – the required reserve ratio). c. 1/(required reserve ratio). d. 1/(1 – MPC).
According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, foreign investors had accumulated ________ of U.S. assets.
a. $30.8 billion b. $30.8 trillion c. $24.6 trillion d. $2.46 trillion