The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent result ________

A) a decline in the MPK
B) a decline in the real rental price of capital
C) a decline in stock prices
D) all of the above
E) none of the above


D

Economics

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In periods of inflation, wages generally increase to compensate for higher prices

Indicate whether the statement is true or false

Economics

Refer to Figure 7-2. Marginal private benefit is represented by which curve?

A) D2 B) Supply C) D1 D) All of the above represent marginal private benefit.

Economics

By 1914 the American economy had transformed into an agricultural giant

Indicate whether the statement is true or false

Economics

The development of the polio vaccine would be considered a(n) _____________________ to society.

Fill in the blank(s) with the appropriate word(s).

Economics