The $787-billion stimulus package enacted by the federal government in 2009 to try to deal with the Great Recession was intended to
A. push the aggregate expenditures schedule upward.
B. close an inflationary expenditures-gap.
C. shift the aggregate expenditures schedule down.
D. bring inflation down.
Answer: A
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James used $250,000 from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for $320,000 . What is his economic profit?
a. $320,000 b. $70,000 c. $282,500 d. $32,500
In a market economy, the goods produced go to those who(m): a. have sufficient income and are willing to pay the price asked for those goods. b. the government views as best suited for consumption
c. business firms choose to favor. d. desire the goods the least.
Pareto improvements that require the use of side payments typically are easy to coordinate and tend to enhance economic efficiency
a. True b. False
Other things the same, as the number of stocks in a portfolio rises,
a. risk increases and the standard deviation of the return rises. b. risk increases and the standard deviation of the return falls. c. risk decreases and the standard deviation of the return rises. d. risk decreases and the standard deviation of the return falls.