Referring to Figure 18.3, a depreciation of the dollar is represented by a movement from point:
A. c to d.
B. b to a.
C. a to c.
D. c to a.
Answer: C
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If a corporation earns a profit, how do owners of the firm share in the profit?
A) by selling any bonds or stocks owned and realizing a capital gain B) by raising the interest rate on bonds C) through coupon payments on that firm's bonds D) through dividend payments on shares of that firm's stock
According to the data, was the stock-market crash of 1929 the primary cause of the Great Depression?
a. No, the Great Depression actually began two years before the stock market crash of 1929. b. Yes, after the stock market crash of October 1929 the market never recovered until the depression came to an end a decade later. c. Yes, sharp reductions in stock prices like that of 1929 always result in prolonged depressions. d. No, the stock market actually recovered to the level of October 1929 during the five months following the crash.
The French term "laissez-faire" means:
A. "there is no free lunch." B. "let it be." C. "circular flow." D. "public ownership."
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.