According to the data, was the stock-market crash of 1929 the primary cause of the Great Depression?
a. No, the Great Depression actually began two years before the stock market crash of 1929.
b. Yes, after the stock market crash of October 1929 the market never recovered until the depression came to an end a decade later.
c. Yes, sharp reductions in stock prices like that of 1929 always result in prolonged depressions.
d. No, the stock market actually recovered to the level of October 1929 during the five months following the crash.
D
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In the figure above, curve B is the ________ curve
A) average fixed cost B) average variable cost C) average total cost D) marginal cost
The demand for labor depends upon each of the following, except one. Which is the exception?
a. the level of technology b. the quantity of labor available c. the prices of complements to labor d. the prices of substitutes for labor e. the number of firms hiring in that labor market
According to the Phillips curve, policymakers can reduce inflation by
a. contracting aggregate demand. This contraction results in a temporarily higher unemployment rate. b. contracting aggregate demand. This contraction results in a temporarily lower unemployment rate. c. expanding aggregate demand. This expansion results in a temporarily lower unemployment rate. d. expanding aggregate demand. This expansion results in a temporarily higher unemployment rate.
A tractor used to prepare land for planting is called
A. land. B. physical capital. C. labor. D. human capital.