short-term economic downturn
What will be an ideal response?
recessions
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Which of the following statements about price elasticity of demand is false?
A) The value of the price elasticity of demand along a downward-sloping demand curve is always negative. B) If quantity demanded changes by a larger percentage than the percentage change in price, demand is elastic. C) The value of the price elasticity of demand is the reciprocal of the value of the demand curve's slope. D) A linear downward-sloping demand curve has a varying price elasticity coefficient.
New growth theory states that increases in ________ capital will result in ________ at the ________ level
A) physical; decreasing returns to scale; firm B) knowledge; increasing returns to scale; economy C) knowledge; decreasing returns to scale; economy D) knowledge; increasing returns to scale; firm
Which of the following cases was most important in arguing that the "public good" was best served by competition?
(a) Marbury v. Madison (1803) (b) McCulloch v. Maryland (1819) (c) Gibbons v. Ogden (1824) (d) Charles River Bridge v. Warren Bridge (1837)
Which of the following are policies that can affect natural unemployment?
a. adjust interest rates b. provide welfare assistance c. adjust availability of money and loans d. increase aggregate demand