The Great Depression is thought to have been prolonged and made deeper by
A) contraction of the money supply.
B) the stock market crash.
C) speculative behavior of investors.
D) rapid inflation.
A
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As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing the behavior of the average cost of a DVD as more DVDs are produced
A) would be positively and then negatively sloped. B) would be positively sloped. C) would be horizontal. D) would be negatively sloped.
A goal of ________ is to give patients an incentive to pay more attention to the prices of medical services. This would tend to increase economic efficiency by decreasing the costs of medical services
A) the Patient Protection and Affordable Care Act (ACA) B) socialized medicine C) government-provided health care D) market-based reforms of the health care system
A _________ exchange rate policy allows monetary policy to focus on inflation and unemployment, but also raises a risk that exchange rates may sometimes make large and abrupt movements.
a. flexible b. pegged c. fixed d. fragmented
Assume an economy experienced a positive rate of inflation between 2003 and 2004 and again between 2004 and 2005 . However, the inflation rate was lower between 2004 and 2005 than it was between 2003 and 2004 . Which of the following scenarios is consistent with this assumption?
a. The CPI was 100 in 2003, 110 in 2004, and 105 in 2005. b. The CPI was 100 in 2003, 120 in 2004, and 135 in 2005. c. The CPI was 100 in 2003, 105 in 2004, and 130 in 2005. d. The CPI was 100 in 2003, 90 in 2004, and 88 in 2005.