Buying a house during a recession may be a good idea if your job is secure because the Federal Reserve often
A) raises interest rates during recessions. B) lowers interest rates during recessions.
C) sells Treasury bills to help the housing market. D) lowers income taxes during recessions.
B
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A leftward shift of a product supply curve might be caused by
A. an improvement in the relevant technique of production. B. some firms leaving the industry. C. a decline in the prices of needed inputs. D. an increase in consumer incomes.
The income of Lebron James above the minimum payment needed to acquire the type of service he performs is
a. pure profit. b. economic rent. c. marginal rent. d. competitive rent.
The term ceteris paribus means that
a. everything is changing. b. all variables except those specified are constant. c. no one knows which variables will change and which will remain constant. d. the basic postulate of economics does not apply for the case being considered.
The MPS is about
A. .9.
B. .85.
C. .8.
D. .75.