The highest unemployment rate in U.S. history was about
A) 10.2 percent in 2009.
B) 5.9 percent in 1972.
C) 10 percent in 1982.
D) 25 percent in 1933.
E) 52 percent in 1939.
D
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Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess ________ of money which will cause the interest rate to rise
A) right; supply B) right; demand C) left; supply D) left; demand
A community in a Southeastern state passed a beautification ordinance (law) prohibiting the placement of indoor furniture outside of homes (i.e., no couches on the porch). The law represents a conflict between ____ and ____
a. the rich; the poor b. third parties; market participants c. victims; criminals d. public goods; private goods e. residents; visitors
Differentiate between the current account balance and the capital account balance.
What will be an ideal response?
For the Coase theorem to apply, all of the following conditions must be satisfied except
A. Liability rules must be established and enforced. B. The basic rights of the individuals must be clearly understood. C. There must be no impediments to bargaining. D. Only a few people can be involved.