The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are
A. clothing and education.
B. capital goods and durable consumer goods.
C. military goods and capital goods.
D. services and nondurable consumer goods.
Answer: B
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Gross private domestic investment is all purchases of newly produced business capital goods and buildings
A) minus the change in business inventories. B) plus the change in business inventories plus residential construction. C) plus fixed investment minus inventory investment. D) plus purchases of capital goods produced in previous years to replace any depreciated capital goods.
What are three things to measure for in evaluating the performance of the capital markets?
A) level of intertemporal trade, international trade, portfolio diversification B) level of portfolio diversification, balanced capital accounts, global inflation C) level of portfolio diversification, intertemporal trade, efficiency of foreign exchange D) onshore-offshore interest rate parity, level of portfolio diversification, stability of eurocurrency market E) onshore-offshore interest rate parity, interest parity and foreign exchange, balanced capital accounts
The federal government debt as a percentage of GDP fell during
A) 2002-2007. B) 1980-1992. C) 1998-2001. D) World War II.
If a firm decreases production, then its:
A. variable costs rise. B. fixed costs stay the same. C. total costs increase. D. All of these are true.