As a result of the housing market crash overall output fell, and prices:

A. decreased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
B. increased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
C. decreased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.
D. increased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.


A. decreased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.

Economics

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If the number employed is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is

A) 5%. B) 5.2%. C) 8%. D) 10%. E) 50%.

Economics

A prepaid hospital plan created by Baylor Hospital for a group of Dallas public school teachers in 1929 is considered the forerunner of what was later called:

a. Blue Shield. b. the health maintenance organization. c. major medical insurance. d. managed care. e. Blue Cross.

Economics

Liabilities are:

A. anything of value one owns. B. current income minus spending on current needs. C. the debts one owes. D. saving minus investment.

Economics

During the past 100 years, the United States has transformed into primarily

A. A service economy. B. An agricultural economy. C. A closed economy with little foreign trade. D. A manufacturing economy.

Economics