Compared to the 1910-1960 period, during the past 50 years the severity of macroeconomic fluctuations has
a. increased.
b. decreased.
c. changed little.
d. increased, but the general level of prices has been more stable.
B
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Roughly what percentage of money income was earned by the highest 5% of income earners in the U.S. in 2010?
A) 10% B) 20% C) 30% D) 40% E) 50%
The quantity of reserves demanded equals
A) required reserves plus borrowed reserves. B) excess reserves plus borrowed reserves. C) required reserves plus excess reserves. D) total reserves minus excess reserves.
Answer the following statements true (T) or false (F)
1) In a Cournot oligopoly, the total profit is less when two firms compete compared to the cartel profits. 2) The more firms in a Cournot oligopoly, the greater the profits for each firm. 3) As the number of firms in a Cournot oligopoly increases, the equilibrium quantity gets closer and closer to the monopoly quantity. 4) In a Cournot oligopoly, if a firm's marginal cost is not constant, its best-response curve will not be linear. 5) In a Stackelberg oligopoly, the follower second firm determines its production from its Cournot best-response function.
In the linear probability model, the interpretation of the slope coefficient is
A) the change in odds associated with a unit change in X, holding other regressors constant. B) not all that meaningful since the dependent variable is either 0 or 1. C) the change in probability that Y=1 associated with a unit change in X, holding others regressors constant. D) the response in the dependent variable to a percentage change in the regressor.