The business cycle is defined as
A) changes in the stock market.
B) changes in financial markets.
C) persistent growth in potential GDP.
D) irregular ups and downs in production and jobs.
E) the period of time during which the unemployment rate is rising.
D
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Market price is $50. The firm's marginal cost curve is given by MC = 10 + 2Q
a. Find the profit-maximizing output for the firm. b. At this output, is the firm making a profit? Explain your answer.
Because of the American national debt, future Americans will be burdened by heavy interest payments which will necessitate higher taxes
a. True b. False Indicate whether the statement is true or false
Present discounted value refers to the
A. Value today of future payments adjusted for inflation. B. Value today of future payments adjusted for interest accrual. C. Value today of future payments adjusted for risk. D. Future value of today's dollars.
A market for power plant pollution rights will
A. Reduce the total amount of pollution by power plants beyond the required reduction level. B. Lower pollution control costs. C. Increase the total amount of pollution by power plants. D. Result in all power plants meeting pollution standards at lower costs.