Which of the following can be concluded about the long-run performance of the U.S. economy?
a. It has been able to create employment opportunities but only at the cost of high inflation.
b. It has failed to generate sufficient aggregate demand in the economy
c. It has been one of the most productive economies in the world in terms of growth in real GDP.
d. It has focused fiscal policies mostly at improving aggregate supply.
e. It has suffered from huge fiscal deficits that dampened economic growth.
c
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In Poland’s free market, Felix Siemienas is making a fortune in cold cuts. Prices are much higher than formerly. Siemienas says, “Yes, my prices are high. If nobody buys, I bring my prices down. That is the market rule.” This “rule” best describes
A. the law of diminishing returns. B. opportunity cost. C. the law of increasing costs. D. the law of demand.
Starbucks reports net income for 2018 of $4,518.3 million. Its stockholders’ equity is $5,450.1 million and $1,169.5 million for 2017 and 2018, respectively.
a. Compute its return on equity for 2018. b. Starbucks repurchased over $7,208.7 million of its common stock in 2018. Did this repurchase increase or decrease Starbucks’ ROE? If Starbucks had not repurchased common stock in 2018, what would ROE have been?
The base period is the time period used for comparative analysis for the calculation of real GDP.
Answer the following statement true (T) or false (F)
Which aspects, if any, of monetarist or rational expectations theory have been integrated into mainstream macroeconomics?
What will be an ideal response?