Computing capacity has approximately:
A. doubled every two years since the invention of computers.
B. tripled every two years since the invention of computers.
C. doubled every five years since the invention of computers.
D. tripled every three years since the invention of computers.
A. doubled every two years since the invention of computers.
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The presence of the automatic stabilizers means an increase in the budget deficit will be automatically experienced during an economic expansion whereas a budget surplus will be automatically experienced during a recession
a. True b. False Indicate whether the statement is true or false
In the provided graph, the equilibrium point in the market is where the S and D curves intersect. At equilibrium, the total revenues received by sellers would be represented by the area
A. b + c + d. B. a + b. C. b. D. b + c.
A scatter diagram could help a policy maker decide on the size of a tax cut necessary to increase consumer expenditures by a certain amount
a. True b. False Indicate whether the statement is true or false
What is the phase of the business cycle when GDP reaches its maximum point?