Data indicates that recessions following financial crises ________ recessions which do not follow financial crises
A) are more severe than
B) are equally severe as
C) are less severe than
D) Data does not show any link between the severity of recessions following financial crises.
A
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What are the two effects that explain the law of demand? Briefly explain each effect
What will be an ideal response?
Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two firms, A and B, and each has a cost function TC = 2 + Q
Compare the firms' profits if they behave as Cournot duopolists with their profits if they form a cartel and share the market.
If the supply of a good is inelastic, a decrease in price must increase total revenue
a. True b. False Indicate whether the statement is true or false
John Rawls developed
A. the idea of utilitarian justice. B. the theory of distributional justice. C. the theory of comparative advantage. D. the labor theory of value.