Which of the following indicates that the U.S. economy has become more stable since 1950?
A) less severe fluctuations in real GDP
B) longer recessions
C) shorter expansions
D) All of the above indicate that the U.S. economy has become more stable since 1950.
A
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Rent controls encourage investment in housing because they bring stability to the market.
Answer the following statement true (T) or false (F)
If the opportunity cost of producing more of one good remains the same as more of that good is produced, then the production method is inefficient
Indicate whether the statement is true or false
If the money supply grows faster than the rate of growth in GDP
A) prices fall. B) interest rates fall. C) prices rise. D) none of these choices.
If the first four units of a good consumed have marginal utilities of 10, 9, 8, and 7, respectively, this trend is an indication of the:
a. law of diminishing marginal utility b. minimization of utility c. law of consumer equilibrium d. law of diminishing consumer surplus