Historically, household debt in the U.S. had been:
A. rising steadily since the Great Depression until the early 2000s, when it accelerated.
B. rising steadily since the Great Depression until the early 2000s, when it declined.
C. fairly constant since the Great Depression until the early 2000s, when it accelerated.
D. fairly constant since the Great Depression until the early 2000s, when it declined.
A. rising steadily since the Great Depression until the early 2000s, when it accelerated.
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One reason the Federal Reserve Board in Washington did not act as a lender of last resort during the early years of the Great Depression, was its power struggle with ____
a. U.S. Treasury b. foreign central banks c. Federal Reserve Bank of New York d. President Roosevelt
Which statement is false?
A. The kinked demand curve represents oligopoly with collusion. B. The kinked demand curve is associated with sticky prices. C. Administered prices occur more frequently under oligopoly than under other forms of competition. D. None of these statements are false.
List three different price indices and explain how they differ in terms of the market basket on which they are based
What will be an ideal response?
In the short run, a firm 's output level is 10 units. Its total cost is $4000 and its average fixed cost is $100. What is this firm's average variable cost (AVC) of producing 10 units?
A) AVC = $250 B) AVC = $275 C) AVC = $300 D) AVC = $400