The Keynesian model provided an explanation for
a. the prolonged unemployment of the 1930s.
b. the double-digit inflation rates of the 1970s.
c. the high unemployment rates of the 1970s.
d. the high inflation rates of the 1930s.
A
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Because new plastic and recycled plastic are substitutes, as the price of newly produced plastic decreases
A) the demand curve for recycled plastic shifts to the left. B) there is a movement up along the demand curve for recycled plastic. C) there is a movement down along the demand curve for recycled plastic. D) the demand curve for recycled plastic shifts to the right.
One way investment banks differ from commercial banks is that investment banks
A) do not take in deposits. B) lend exclusively to households. C) only buy and sell mortgages. D) trade only in foreign exchange markets.
Which of the following is most likely to be a fixed cost for any firm?
a. the monthly electric bill b. sales taxes c. shipping and postage costs d. rent on office space e. charitable donations
When graphed, the total cost of production will
a. intercept the vertical axis at the level of fixed cost b. first slope down, then slope up c. slope down forever d. first slope up, then slope down e. be a horizontal line