Fluctuations in investment:
a. account for almost all of the variability in gross domestic product (GDP) only during expansions.
b. account for little of the variability in gross domestic product (GDP)
c. account for almost all of the variability in gross domestic product (GDP) only during recessions.
d. are larger during expansions than during recessions.
e. account for more of the variability in gross domestic product (GDP) than consumption.
e
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An example of a common pool resource is a broadcast television signal
Indicate whether the statement is true or false
Which of the following indicates when Stage II ends and Stage III begins in the short-run production function?
A) when AP = 0 B) when MP = 0 C) when MP = AP D) when MP starts to diminish
Fast food is faster and cheaper than a similar meal you could prepare for yourself. Which of the following does not explain that fact?
a. meal preparation has been divided into many separate tasks b. larger-scale production allows the introduction of more efficient machines c. workers gain productivity at a task over time d. there is less time lost moving from one task to another e. workers are more productive when they are being paid
State the formula for the relationship between the purchasing power of the U.S. dollar and the price level.
What will be an ideal response?