In the long run,
a. an increase in the federal budget deficit can lower the interest rate and investment spending.
b. an increase in the federal budget deficit can raise the interest rate and investment spending.
c. a decrease in the federal budget deficit can lower the interest rate and raise investment spending.
d. a decrease in the federal budget deficit can raise the interest rate and lower investment spending.
e. a decrease in the federal budget deficit can lower the interest rate and lower investment spending.
C
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Mary is willing to pay $50 for a Christmas tree, John is willing to pay $45 and Jeff is willing to pay $40. The price of a tree is $40. The total consumer surplus for Mary, John and Jeff taken together is
A) $15. B) $135. C) $40. D) $95. E) $120.
______________ elect the firm's board of directors, and ______________ appoint the firm's management
a. Sole proprietors; partners b. Partners; sole proprietors c. Employees; employers d. Management; the board of directors e. Stockholders; the board of directors
Graph typical total, average, and marginal cost curves and explain how their shapes are influenced by the law of diminishing returns. Graph TC on a separate graph, AC and MC on a second graph
The dividing line between a recession and a depression is
A. unclear. B. a ten percent rate of unemployment. C. determined by government officials. D. set by law.