In the 1937-1938 economic downturn
A. the number of unemployed rose dramatically by about 5 million.
B. industrial production fell by 30 percent.
C. presidential as well as Federal Reserve policy helped to cause the decline.
D. All of the choices are true.
D. All of the choices are true.
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When the interest rate increases, people will adjust their precautionary demand for money
A) downward or upward depending upon the actual supply of money. B) upward. C) not at all. D) downward.
Assuming that the two key restrictions on preferences fundamental to the median voter model hold, list the condition that must be satisfied for the outcome preferred by median voter to be considered economically efficient
List one real world example that comes close to this condition.
One barrier to entry into a monopoly market is:
A. bulk buying. B. commonplace inputs. C. price gouging. D. a natural monopoly.
Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity cost help her make a decision?
What will be an ideal response?