What did the growing inequality of income during the 1920s indicate?
(a) That consumption expenditures would tend to weaken even though total income continued to rise
(b) That spending for goods and business incentives to produce those goods became increasingly dependent on the wealthy
(c) That the economy became more vulnerable to any shock, such as a stock market crash, that reduced the willingness of the wealthy to buy goods
(d) All of the above
(d)
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The above figures show the market for HD televisions. If research is published showing that watching HD television shows causes eye damage, then which figure shows the effect of this change?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
Refer to Figure 19-10. Under the Bretton Woods System of exchange rates, if the par exchange rate was $4 per pound in the figure above, then which of the following is true?
A) The Bank of England would have to buy 0.7 million pounds per day with dollars. B) The par exchange rate is below the equilibrium rate, causing a shortage of domestic currency. C) There is a shortage of pounds equal to 0.7 million. D) The Bank of England would have to sell 0.7 million pounds per day in exchange for dollars.
A fall in interest rates leads to:
a. an increase in the rental rate on a machine. b. a decrease in the rental rate on a machine. c. no change in the rental rate on a machine. d. a fall in the marginal productivity of capital.
Which of the following would not be covered by Medicare? Payments for:
A. All reasonable costs for the first sixty days of inpatient care in a hospital per "benefit period" B. Post-hospital nursing services, home health care, and hospice care for the terminally ill C. Voluntary and subsidized medical insurance to cover physician services, lab tests, and outpatient hospital services D. Nonprescription drugs and travel to physician offices for normal medical treatment