If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock.
B. long-run supply shock.
C. long-run demand shock.
D. short-run demand shock.
Answer: B
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The classical theory predicts that decreases in the supply of savings will _______ interest rates and _______ investment.
Fill in the blank(s) with the appropriate word(s).
Refer to the information. If the price of product A is $0.50, the firm will realize:
Answer the question on the basis of the following information: Suppose 30 units of product A can be produced by employing just labor and capital in the four ways shown below. Assume the prices of labor and capital are $2 and $3 respectively.
A. an economic profit of $4.
B. an economic profit of $2.
C. an economic profit of $6.
D. a loss of $3.
The companies that were the largest securitizers of mortgages were
A. Goldman Sachs. B. the Fed. C. AIG. D. Freddie Mac amp; Fannie Mae.
Economic growth allows a society to consume
A. more than it should. B. more goods per person. C. more than is sustainable. D. exactly what it needs.