When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing, ________ occurred
A) an automatic destabilizer B) a housing bubble
C) a supply shock D) stagflation
B
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The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 200, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the coal mine's marginal expenditure when it hires 150 coal miners?
A. $17,500 B. $30,500 C. $10,000 D. $25,000
When final sales are larger than GDP,
a. inventories did not change. b. a net increase in inventories took place. c. a net decrease in inventories took place. d. the direction of any net change in inventories is uncertain.
Producers' surplus is the difference between the price __________ receive for a good and the __________ price for which they would have __________ the good
A) sellers; maximum; sold B) buyers; maximum; bought C) sellers; minimum; sold D) buyers; minimum; bought
If the stock market crashes, investment will fall.
Answer the following statement true (T) or false (F)