Which of the following is NOT true about the Great Depression?
A. Lasted from 1929-1933
B. unemployment rate was 25% and GDP fell 30%
C. most severe downturn in US history
D. severe inflation
E. Stocks fell 90%
Ans: D. severe inflation
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Use the following data to answer the next question.OutputATC-AATC-BATC-C10$6$13$442059353046274054205073146010411701458801976902510510032167The letters A, B, and C designate three successively larger plant sizes. In the long run, the firm should use plant size "C" for the production of
A. all possible levels of output. B. 80 to 100 units of output. C. 10 to 30 units of output. D. 40 to 70 units of output.
Commodity money is a good
A) that is designated as money by law. B) used as money that has no intrinsic value. C) used as money that has no secondary use. D) used as money that also has value independent of its use as money.
The Federal Trade Commission was created to study industry structures and behavior and identify anticompetitive practices.
Answer the following statement true (T) or false (F)
The adult non-institutionalized population in the town of Bedrock is 75 thousand. Within Bedrock, 5 thousand are unemployed, and 40 thousand are employed. Calculate the number of people not in the labor force