The Great Moderation describes the period
A) of relatively steady growth in real GDP between 1991 and 2008.
B) of very slow growth in real GDP after 1990.
C) between 2000 and 2008 when potential GDP did not increase.
D) between 1990 and 2005 when real GDP grew significantly more slowly than did potential GDP.
E) of relatively steady growth in real GDP after the year 2000.
A
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The federal budget was in deficit from 1931 to 1939, except in the year 1937
Given this fact, how do you explain E. Cary Brown's statement, "Fiscal policy, then, seems to have been an unsuccessful recovery device in the 'thirties-not because it did not work, but because it was not tried."
A machine with a cost of $200,000 and accumulated depreciation of $100,000 is sold for $80,000 cash. The amount reported as a source of cash under cash flows from investing activities is
A. $20,000 B. $80,000 C. $100,000 D. zero; this is a financing activity E. zero; this is a operating activity
A monopolist maximizes profits where marginal revenue equals marginal cost.
a. true b. false
U.S. citizens and firms earn foreign exchange when they sell products to citizens and firms in other countries.
Answer the following statement true (T) or false (F)