The Wilshire 5000 stock index is made up of the stocks of 5,000 of the largest U.S. companies.

Answer the following statement true (T) or false (F)


False

Economics

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Use the following figure to answer the next question. Total fixed cost at output level Q2 is measured by the vertical distance

A. 0C. B. DE. C. AD. D. CD.

Economics

Refer to Exhibit 7-1. What is the value of gross domestic product?

A. $6,062 B. $329 C. $349 D. $319

Economics

A period of expansion in the business cycle ends when

A) the business cycle reaches its peak. B) the business cycle reaches its trough. C) real GDP is less than potential GDP. D) real GDP is equal to potential GDP.

Economics

Which of the following is NOT a characteristic of pure monopoly?

A) many sellers B) considerable price setting ability C) restricted ability to enter market D) long-run economic profits are possible

Economics