Recessions in the U.S. economy show up in economic data as periods of
A) declining prices.
B) rising interest rates.
C) slower growth or actual decline in nominal GDP.
D) slower growth or actual decline in real GDP.
D
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Why is it true that exchange rates tend to be equal worldwide? Briefly explain
What will be an ideal response?
A credit market instrument that requires the borrower to make the same payment every period until the maturity date is known as a
A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.
The Laffer curve is a curve showing
A) output as a function of the tax rate. B) tax revenue as a function of the tax rate. C) government expenses as a function of how liberal the government is. D) the tax rate as a function of government expenses.
A defendant believes there is a 40 percent chance that the plaintiff will win $1,000,000 and a 60 percent chance that the plaintiff will lose and be awarded nothing (zero). The plaintiff believes that there is a 60 percent chance that they will win $1,000,000 and a 40 percent chance that they will be awarded nothing (zero). The plaintiff's litigation cost is $100,000 and the defendant's
litigation cost is $400,000. Which of the following statements is true? A) The plaintiff would be will to accept any amount greater than $450,000 to settle. B) There is no economic incentive for either party to settle. C) The defendant would be willing to pay up to $900,000 to settle. D) The defendant would be willing to pay up to $800,000 to settle.