A common definition of a recession is a time with
A) a decline in the price level.
B) a decline in interest rates.
C) a decrease in real GDP for two or more successive quarters.
D) a decrease in real GDP for two or more successive years.
C
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Which statement is true?
A. There was brief depression in the early 1920s. B. Between 1921 and 1929 national output tripled. C. The automobile market was completely saturated by 1921 and sales remained low for the rest of the decade. D. None of these statements are true.
Having a goal that does not include making a profit can often explain why the unprofitable idea has not been implemented. These types of ideas may include:
A. promoting social justice. B. helping the poor. C. making great art. D. All of these.
All of the following are true concerning the flexible exchange rate system except one. Which is the exception?
a. It is the same as a floating exchange rate system. b. It is a system in which supply and demand determine the exchange rate. c. Government officials have little direct role in the foreign exchange market. d. Exchange rates may fluctuate considerably from time to time. e. Exchange rates are fixed by the central banks of the various countries.
At a Nash equilibrium, each player in a game is said to be doing as well as he can given the actions of his competitor
a. True b. False Indicate whether the statement is true or false