The Great Depression:
A. ended a few months after the stock market crash of 1929.
B. occurred only in the United States.
C. resulted in the development of microeconomics.
D. was a period of low production and high unemployment.
Answer: D
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If the price of gasoline was $3.25 a gallon and it is now $3.75 a gallon, what is the percentage change in price?
A) 7.1 percent B) 13.3 percent C) 15.4 percent D) 33.3 percent
________ is equal to consumption spending plus planned investment spending plus government purchases plus net exports
A) Planned aggregate expenditure B) Planned inventory investment C) Full employment GDP D) Short-run aggregate supply
The Federal Reserve cut the federal funds rate seven times between September 2007 and March 2008. What event led the Fed to make these reductions in the federal funds rate?
A) The chairman of the Federal Reserve System persuaded members of the Federal Open Market Committee to lower interest rates in order to reduce the price of oil in international markets. B) It was in response to reductions in the discount rate, which was also lowered seven times over the same time period. C) Several large investment banks failed during this time period. D) During this period there was a substantial reduction in the demand for housing.
Suppose a trademark's owner has successfully proven in court that an infringer has illegally infringed on the trademark. If the infringer has earned $9 million in profit as a result of illegally infringing on the trademark and the trademark's owner has suffered $2 million in damages, the trademark's owner will be awarded ________.
A) $11 million B) $9 million C) $7 million D) $2 million