A depression is:
A. a particularly severe and protracted recession.
B. the low point of economic activity prior to a recovery.
C. the high point of economic activity prior to a downturn.
D. a particularly strong and protracted expansion.
Answer: A
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A reduction in the demand for labor caused by changes in technology, taxes, and competition is called:
a. seasonal unemployment. b. frictional unemployment. c. structural unemployment. d. cyclical unemployment.
Equity investors in real estate expect to receive a return on their investment through the collection of ________ and through ____________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following would increase the investment component of U.S. GDP?
A. A French man purchases a vacation at a Disney theme park in France. B. You purchase a vacation at Disney World in Florida. C. Disney World purchases tires for the monorail from a firm in Ohio. D. You purchase shares of Disney stock.
Figure 8.2 presents a firm's marginal cost, average total cost, and average variable cost curves. The firm minimizes average variable costs by producing ________ units.
A. 50 B. 100 C. 150 D. 200