According to the table above, transportation equipment production exhibits
A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) varying returns to scale.
A
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What best describes US federal fiscal experience in the late 1920s and early 1930s?
a. Revenues collected increased rapidly through the period. b. A balanced budget was maintained for most of the Depression. c. Tax rates were consistently lowered to spur economic growth. d. Expenditures grew by over 300% from 1927 to 1940.
Proponents of the monetary growth rule believe that a constant growth rate in the money supply will lead to less uncertainty and greater credibility than with activist policies
a. True b. False Indicate whether the statement is true or false
What would happen if banks decided to stop lending altogether and instead held on to enormous amounts of cash?
A. The tools of monetary policy would become less effective in response to high inflation. B. This would not impact the effectiveness of monetary policy. C. The tools of monetary policy would become more effective in response to a recession. D. The tools of monetary policy would become less effective in response to a recession.
The rising part of a perfectly competitive firm's ________ cost curve is the firm's short run ________ curve.
A. average fixed; demand B. average total; supply C. average variable; demand D. marginal; supply