According to business activity charts for the last 100 years, the point of the highest business activity in the United States occurred
A. during the Trump administration.
B. during the 1920s bull market boom.
C. during World War II.
D. during the Vietnam War.
Answer: C
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When the multiplier is ________, an autonomous decrease in investment of $200 billion decreases equilibrium real GDP by $400 billion
When the multiplier is ________, an autonomous decrease in investment of $200 billion decreases equilibrium real GDP by $800 billion. A) 2.0; 4.0 B) 0.4; 0.2 C) 0.2; 0.4 D) 4.0; 8.0 E) $400 billion; $800 billion
According to the quantity theory of money and prices, a 2 percent increase in the money supply ultimately leads to
A) a 2 percent increase in real GDP. B) a 2 percent increase in wages. C) a 2 percent increase in the price level. D) a 2 percent increase in velocity.
Farm income has fallen in part because demand for farm products is price inelastic and income inelastic
a. True b. False
If the firm facing the demand curve P = 10 - Q has zero marginal costs and is a perfect price discriminator instead of a single price monopolist, and fixed costs are 12. What is the profit (loss) of the firm?
What will be an ideal response?