The U.S. economy experienced recessions in 1974–75, 1980–82, 1990–91, 2001, and 2007–09 that were each preceded or accompanied by a rise in the key input of
a. wages.
b. food prices.
c. oil prices.
d. steel prices.
c. oil prices.
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From the table below, choose the optimum option using marginal analysis
Option Total Cost ($) 1 150 2 100 3 80 4 70 5 90 6 120 What will be an ideal response?
Economists generally consider the use of taxes as the most efficient way of solving pollution problems
a. True b. False Indicate whether the statement is true or false
Assume individuals consider only the medium run effects of changes in future macro variables when forming expectations of future output and future interest rates. Suppose individuals expect the central bank to pursue a monetary expansion in the future. Given this information, we know with certainty that
A) current output and the current interest rate will both increase. B) current output will decrease. C) the current interest rate will decrease. D) the current output effects are ambiguous. E) current output will not change.
The additional capital requirements put in place following the banking crisis of the 1980s led to a:
A. further slowdown in bank lending. B. prolonged economic slowdown lasting much of the 1990s. C. period of rapid economic growth in the early 1990s. D. quick rebound in the willingness and ability of banks to make loans.