A depression is a:
A. severe and extended period of recession.
B. recession that lasts more than four quarters.
C. recession that lasts more than three quarters.
D. recession that lasts more than eight quarters.
A. severe and extended period of recession.
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The average (mean) price of ten commodities is $330. If an eleventh commodity whose price is $600 is included in the calculation, the new average is:
A) $254.54. B) $354.54. C) $330.35. D) $450.25.
With regard to education of freed slaves after the Civil War (1861–1865),
(a) there was a rapid rise of literacy. (b) Southern public schools were "separate, but equal." (c) most had received no education under slavery and were illiterate. (d) all of the above are true.
Barter can best be defined as:
a. the direct exchange of one good for money. b. the direct exchange of money for a good. c. the direct exchange of goods and services without the use of money. d. the direct exchange of labor services for wages. e. the payment of interest on a savings account.
A sharp increase in gasoline prices will cause the supply curve for trucking services to shift to the right
a. True b. False Indicate whether the statement is true or false