Which of the following was a result of the many programs introduced as part of the New Deal?
a. a business environment of uncertainty that reduced output and investment
b. a speeding up of the economic recovery process once these programs were enacted
c. an increase in trade, investment, and output within the business sector
d. a steady decline in the unemployment rate
A
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As a result of the bargaining advantages enjoyed by bureaus, they will generally have budgets that are ____
a. are larger than optimal b. are smaller than optimal c. optimal d. unable to be characterized in a general manner
Should a monopoly charge low introductory price in a two-period model?
A) Yes, if the extra profit in the second period is greater than the foregone in the first period. B) Yes, if the demand in the second period is greater than the demand in the first period. C) No. The first period profit is counted more. D) No. Profit maximization decisions should be made separately.
Real investment spending is ____ real personal consumption
a. equal to b. greater than c. stable compared to d. highly volatile compared to
What is the most likely explanation for how the percentages are allocated to each category of the CPI?
a. They reflect the proportion of income the average American spends on that category.
b. They reflect the relative vulnerability of each category to inflation.
c. They reflect the relative expensiveness of the items in each category.
d. They reflect the proportion needed to keep the rate of inflation stable from year to
year.