Which of the following rises during a contraction and falls during the expansion phase of the business cycle?
a. prices
b. unemployment
c. output
d. interest rates
b. unemployment
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Which of the following statements is true?
A) Macroeconomics studies how individuals make choices. B) Microeconomics is the study of an economy as a whole. C) The study of the inflation rate is covered under microeconomics. D) The study of the unemployment rate is covered under macroeconomics.
Which of the following acts makes it a felony for competing businesses to fix prices?
A) the Sherman Act B) the Clayton Act C) the Federal Trade Commission Act D) the Robinson-Patman Act
Including investment and production in the two-good, two-period model with trade
A) allows the country to equalize absorption and output demand. B) renders terms of trade endogenous. C) allows the country to react to changes in the interest rate. D) allows the government to run budget deficits.
These credit default swaps were also turned into other securities
What will be an ideal response?