By 2011, how much had U.S. housing prices declined from their peak in 2006?
A) 2 percent
B) 33 percent
C) 40 percent
D) 50 percent
A
You might also like to view...
"Material" wealth cannot be distinguished in any useful way from wealth (with no modifying adjective) because
A) all wealth consists finally of valued experiences. B) material objects are not essential to the creation of wealth. C) wealth includes anything a person can purchase with money, whether material or not. D) wealth usually fluctuates in value while matter cannot be created or destroyed.
Sharmila has a budget line for DVDs and books. DVDs are on the vertical axis and books on the horizontal. Her budget line becomes steeper as
A) the price of a DVD falls. B) the price of a DVD rises. C) her income decreases. D) her income increases.
What would be the economic dangers of eliminating patent protection in the pharmaceutical industry as a means of "eliminating monopoly power"?
What will be an ideal response?
Which of the following correctly describes the spending multiplier?
a. The initial change in consumption, investment, government spending, or net exports divided by the change in equilibrium GDP. b. An initial increase in aggregate expenditures divided by the equilibrium GDP. c. An initial increase in aggregate expenditures divided by the change in equilibrium GDP. d. The ratio of the change in real GDP to an initial change in any component of aggregate expenditures.