The U.S. national debt at the end of fiscal year 2014 was almost
A. $13.5 trillion.
B. $9.0 trillion.
C. $18 trillion.
D. $1.3 trillion.
Answer: C
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Capital gains are the profit earned from the sale of
A) stocks. B) real estate. C) bonds. D) all of the above.
The Bureau of Labor Statistics does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change
What will be an ideal response?
People hold money even during inflationary episodes when other assets prove to be better stores of value. This can be explained by the fact that money is
A) extremely liquid. B) a unique good for which there are no substitutes. C) the only thing accepted in economic exchange. D) backed by gold.
Why does a monopoly cause a deadweight loss?
A) because it stops producing output at a point where price is above marginal cost B) because it appropriates a portion of consumer surplus for itself C) because it increases producer surplus at the expense of consumer surplus D) because it does not produce some output for which demand exceeds supply