Which statement is false?
A. The spreading use of electricity during the 1920s helped create rapid economic expansion in that decade.
B. The stock market rose very rapidly in the late 1920s.
C. Between 1921 and 1929 national output rose by 50 percent.
D. None of the statements are false.
D. None of the statements are false.
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A rising price level decreases consumption by decreasing the real value of household wealth
Indicate whether the statement is true or false
If you believe that the LM curve is vertical, what type of policy would you recommend to stimulate the economy?
A) An increase in government spending B) A reduction in government spending C) An increase in the money supply D) A reduction in the interest rate
Which of the following is not one of the four broad categories of resources?
A) labor B) money C) capital D) entrepreneurship E) land
Yoyo's Frozen Yogurt, Inc is thinking of building a new warehouse. They believe that this will give them $50,000 of additional revenue at the end of one year, $60,000 additional revenue at the end of two years, and $70,000 in additional revenue at the end of three years. If the interest rate is 5 percent, Yoyo would be willing to pay
a. $140,000, but not $150,000. b. $150,000, but not $160,000. c. $160,000, but not $170,000. d. $170,000, but not $180,000.