The decrease in consumer spending that occurred after the collapse of the housing bubble caused aggregate:
A. demand to increase.
B. demand to decrease.
C. supply to increase.
D. supply to decrease.
Answer: v
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Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4
A) 26.6 B) 0.65 C) 14.6 D) 5.65 E) none of the above
Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansion strategy: they rushed to open the first discount store in small towns that could only support one discount store. In the language of game theory:
A) Wal-Mart was a dominant firm. B) Wal-Mart made empty threats. C) Wal-Mart employed a maximin strategy. D) Wal-Mart employed a preemptive strategy.
Which region has the lowest GDP per capita?
a. South Asia b. Latin America and Caribbean c. Sub-Saharan Africa d. Europe and Central Asia
In colonial times, the French guinea, the Spanish pistole, and the English crown circulated as money on the streets of New York, Boston, Baltimore, and Philadelphia and were exchanged readily for each other
Indicate whether the statement is true or false