After the Great Depression, until 2008, economic downturns:
A. disappeared.
B. became shorter.
C. continued more or less as they had prior to the Depression.
D. became longer.
Answer: B
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Banks use repurchase agreements to
A) ensure that payments on consumer loans are made on time. B) borrow funds from business firms or other banks. C) guard against price fluctuations on long-term bonds. D) ensure that they always have enough funds on hand to meet their federal tax liabilities.
Which of the following statements is true?
a. When long-run average total costs are increasing, the firm enjoys economies of scale. b. Most industries exhibit long-run average costs that are shaped like an upside-down U. c. Constant returns to scale occur when the short-run average-total-cost curve is horizontal. d. When long-run average total costs are increasing, the firm has diseconomies of scale. e. Constant returns to scale are never present in the real world.
When the residents of a nation are free to trade with foreigners, domestic producers will be able to
What will be an ideal response?
The short-run aggregate supply curve (SRAS) is the amount of real GDP: ?
A. produced at various price levels. B. ?produced at various savings rate levels. C. purchased at various price levels. D. ?purchased at various saving rate levels.