The full-employment level of GDP is
A. endowments.
B. long-run aggregate supply.
C. economic growth.
D. long-run aggregate demand.
Answer: B
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In the United States there are some methods to save which reduce taxes on savings. These include
A) stock purchases. B) commodity purchases. C) money market accounts. D) retirement plans like 401Ks and 403Bs.
A source of business risk is a change in
A) technology. B) consumer preferences. C) input prices. D) All of the above
When deciding whether to buy a second car, the economic way of thinking indicates that the purchaser should compare
a. the benefits expected from two cars with the cost of both. b. the additional benefits expected from a second car with the cost of the two cars. c. the dollar cost of the two cars with the potential income that the cars will generate. d. the additional benefits of the second car with the additional cost of the second car.
When the interest rate falls, bond values
A. rise. B. fall. C. are unchanged because the interest rate paid on a bond is fixed. D. will either increase or decrease depending on the type of bond.