Since 1950
A) economic expansions in the United States have been so short that expansions barely exist.
B) the average length of expansions in the United States have become shorter as compared to before 1950.
C) the average length of expansions in the United States have become longer as compared to before 1950.
D) the average length of expansions in the United States are about the same length as compared to before 1950.
Answer: C
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Political candidates often hold fundraisers by charging "per plate" for dinner. Wendy purchased four tickets to a $1,000 per plate dinner for a local city council candidate. Does this transaction benefit both parties?
A) Yes, but only if the dinners served actually cost $1,000 each. B) Yes, it was a voluntary exchange that benefited both parties. C) No, political candidates should never be allowed to overcharge for a fundraising dinner as that limits the number of people who can afford to attend. D) No, Wendy paid too much for four dinners.
If MPPa/Pa= MPPb/Pb, then the firm should increase the usage of both input a and input b.
Answer the following statement true (T) or false (F)
When interest rates fall, a bank that perfectly hedges its portfolio of Treasury securities in the futures market
A) suffers a loss. B) experiences a gain. C) has no change in its income. D) may either gain, lose or see no change in its income.
If a natural disaster destroys some of the capital stock, then the classical model predicts
a. labor demand, real wages, and output will fall. b. labor demand and real wages will rise, output will fall. c. the labor market remains unchanged but output falls. d. None of the above