According to a recent five-year survey of U.S. business ownership, the number of black-owned businesses rose
a. 45 percent
b. 450 percent
c. 90 percent
d. 25 percent
e. 4.5 percent
A
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Assume a money multiplier of 3. If the Treasury finances a $30 million expenditure by selling securities to the Fed, the money supply could ultimately
A) rise by $3 million. B) rise by $10 million. C) rise by $30 million. D) rise by $90 million.
What is the most significant cost of attending medical school?
a. Tuition and fees. b. Books and incidentals. c. The income foregone. d. Room and board. e. Pain and suffering.
What is the estimated effect of unemployment insurance on the period of unemployment?
a. It shortens the period of unemployment. b. It lengthens the period of unemployment. c. It negates an individual’s unemployment status. d. It has no effect on the period of unemployment.
Assume the peanut industry, a perfectly competitive industry, is in long-run equilibrium with a market price of $5. If demand for peanuts increases and this industry is a decreasing-cost industry, long-run equilibrium will be reestablished at a price
A. equal to $5. B. less than $5. C. greater than $5. D. either greater than or less than $5, depending on the number of firms that enter the industry.