Over the last 50 years, the employment ratio has risen most significantly among ________
A) men
B) women
C) blacks
D) Hispanics
B
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A daily auction at the Chicago Board of Trade sets
A) Federal funds rate. B) 10-year bond rate. C) Discount rate. D) Prime rate. E) Credit cards rate.
What does the slope of the production possibilities curve represent? Explain
What will be an ideal response?
A firm enjoys a positive economic profit when:
a. the demand curve touches the average cost curve at the profit-maximizing level of output. b. the marginal revenue curve has a negative intercept on the ordinate axis. c. the average revenue curve lies below the average cost curve at the profit-maximizing level of output. d. the marginal cost is declining at the profit-maximizing level of output. e. the average revenue curve lies above the average cost curve at the profit-maximizing level of output.
Assume the economy is in recession, the MPC is 0.80, and an increase of $200 billion in spending is needed in order to reach full employment. The target can be reached if government spending is increased by:
A. $20 billion. B. $200 billion. C. $80 billion. D. $40 billion.