Short-term economic fluctuations are ________ in length and severity and ________ to predict.
A. irregular; easy
B. regular; easy
C. regular; difficult
D. irregular; difficult
Answer: D
You might also like to view...
If Asian economies suffer a serious economic slump, U.S. net exports will
A. increase and AD will shift outward. B. increase and AD will shift inward. C. decrease and AD will shift inward. D. decrease and AD will shift outward.
Under the monetary approach to the exchange rate
A) an interest rate decrease is associated with higher expected inflation and a currency that will be weaker on all future dates. B) an interest rate increase is associated with higher expected deflation and a currency that will be weaker on all future dates. C) an interest rate increase is associated with higher expected inflation and a currency that will be strengthened on all future dates. D) an interest rate increase is associated with higher expected deflation and a currency that will be strengthened on all future dates. E) an interest rate increase is associated with higher expected inflation and a currency that will be weaker on all future dates.
Which of the following is true of long-run costs and short-run costs? a. In the long run, changes in variable costs and fixed costs will cancel each other out. b. In the long run, no costs are truly fixed costs. c. In the short run, no costs are truly fixed costs
d. In the short run, marginal costs are fixed costs.
When the 2010 Patient Protection and Affordable Care Act is fully implemented, it will
a. set the prices (reimbursement rates) for more than 7,000 . different medical procedures. b. increase the supply of doctors and other medical services. c. increase the supply of doctors and other medical services. d. reduce the share of health care expenses paid for by a third party, which will increase the incentive of both consumers and medical providers to economize. e. All of the above are true.