A pizza parlor's rent is
A) sunk in the long run.
B) fixed in the long run.
C) avoidable in the short run.
D) variable in the short run.
B
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What is meant by product differentiation?
What will be an ideal response?
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.
Assume that the marginal propensity to consume equals 0.8, the income tax rate equals 0.3, and the marginal propensity to import equals 0.2. The marginal leakage rate is ________ and the size of the multiplier is ________
A) 0.70; 3.33 B) 0.60; 2.5 C) 0.64; 1.56 D) 0.50; 2.0
The __________ of the mentally ill over the last two and a half decades, without the promised halfway houses to treat and shelter them has added to the ________________.
Fill in the blank(s) with the appropriate word(s).