As a result of the Great Depression, economic thought placed greater emphasis on:
A. international transactions.
B. long-run growth.
C. short-run fluctuations.
D. the problem of inflation.
Answer: C
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According to the second law of thermodynamics
a. matter and energy can be neither created nor destroyed b. nature’s capacity to convert matter and energy is limited c. nothing is lost in the conversion of materials from economic activity into other forms of matter and energy d. all of the above e. none of the above
What is the difference between a recessionary gap and an inflationary gap?
What will be an ideal response?
Unemployment insurance is usually available to workers in ________ for a shorter period of time than it is in ________
A) the United States; Canada B) Canada; some Western European countries C) Canada and some Western European countries; the United States D) some Western European countries; the United States
The above figure depicts the Edgeworth box for two consumers, Al and Bruce. Explain why point "a" cannot be a competitive equilibrium
What will be an ideal response?