Wealth and consumption rise when there is a stock market
A. split.
B. crash.
C. boom.
D. merger.
Answer: C
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In theory, in the long run, monopolistically competitive firms earn zero profits.However, in reality there are some ways by which a firm can avoid losing profits. Which of the following is one such way?
A) gradually increase the mark-up on the goods produced B) lower the price of its products to expand its market share C) identify new markets and develop products precisely for those markets D) find a market niche and keep it as narrow as possible so as to prevent other producers from entering this market segment
A one-time rise in the price level is:
A. not inflation. B. inflation if that rise is above 10 percent. C. inflation if that rise is above 5 percent. D. inflation if that rise is above 15 percent.
According to the theory of rational expectations, errors in predicting inflation will
A. be biased upward more often than not. B. be purely random. C. tend to be biased downward when inflation is rising and tend to be biased upward when inflation is falling. D. tend to be biased upward when inflation is rising and tend to be biased downward when inflation is falling.
Okun's Law states that the ________ decreases about 1 percentage point for every 3% increase in ________.
A. GDP; the inflation rate B. inflation rate; the unemployment rate C. inflation rate; GDP D. unemployment rate; GDP