Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.
Figure 24.5Refer to Figure 24.5. At aggregate output of $________ billion, unplanned inventories equal $200 billion.
A. 2,400
B. 3,000
C. 3,200
D. 3,600
Answer: A
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From 1970 to 2007 the quantity of M1 fell from 20 percent of GDP to less than 10 percent. This change is because the ownership of credit cards ________ during this time period since ________
A) expanded from 18 percent to 76 percent; credit cards became more widely available and utilized B) expanded from 18 percent to 76 percent; there were several recessions during that period C) fell from 76 percent to 18 percent; credit cards became less widely available and utilized D) remained unchanged; credit cards do not affect the quantity of money E) fell from 76 percent to 18 percent; there were several recessions during that period
What is meant by the term "assortative mating" and how does it affect the distribution of wealth?
What will be an ideal response?
When the SEC requires companies to publicly release financial statements, which of the following remedies of conflicts of interest does this fall under?
A) leave it to the market B) regulate for transparency C) supervisory oversight D) separation of functions
The cost of stimulating the economy in the 1970s was:
A. high inflation and low unemployment for most of the 1980s. B. a severe recession with high unemployment in the 1980s. C. high inflation and high unemployment for most of the 1980s. D. a mild recession with modest unemployment in the 1980s.