In which phase of the business cycle will the economy most likely experience rising real output and falling unemployment rates?
A. recession
B. expansion
C. trough
D. peak
Answer: B
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Bobby is offered a job as a salesperson in which there is a 50 percent chance that he will make $2,000 and a 50 percent chance that he will make $10,000. Bobby's utility of wealth curve is shown in the figure above. What is Bobby's cost of risk?
A) $1,000 B) $2,000 C) $3,000 D) $4,000
Congress could encourage investment spending through changes in the
A. nominal interest rates. B. capital gains taxes. C. personal income deduction. D. income tax rate.
Over the past two decades, the U.S. has persistently exported more goods and services than it has imported
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. If 2014 is the base year, the inflation rate between 2014 and 2015 is ________%, and the inflation rate between 2015 and 2016 is ________%.
A. 7.4; 13.9 B. 3.9; 17.1 C. 6.1; 16.1 D. 10.2; 10.4