According to aggregate demand and supply analysis, America's involvement in the Vietnam War had the effect of
A) increasing aggregate output, lowering unemployment, and raising the inflation.
B) decreasing aggregate output, lowering unemployment, and lowering the inflation.
C) increasing aggregate output, raising unemployment, and raising the inflation.
D) decreasing aggregate output, raising unemployment, and lowering the inflation.
A
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If an activity is worth pursuing at all, then the only information the decision maker needs to make a choice is
a. total benefits. b. marginal benefits and marginal costs. c. variable costs. d. fixed costs.
If diminishing marginal returns have already set in for Golden Lark Woodworks, and the marginal product of the 6th carpenter is 8 chairs, then the marginal product of the 7th carpenter is
A) more than 8 chairs. B) zero. C) negative. D) less than 8 chairs.
A corporation issues a three year bond with a coupon of $50 and a face value of $1000. Immediately after being issued, market interest rates decline to 4%. What is the price of the bond? Report your answer to the nearest dollar
What will be an ideal response?
The profit-maximizing decision for the monopoly is:
A. to choose price according to demand. B. to choose the quantity where marginal cost equals marginal revenue. C. the same as that of the perfectly competitive firm. D. All of these statements are true.