In the late 19th century, interest rates in the U.S.:
a. tended to remain relatively constant throughout the year.
b. tended to increase in the summer and decrease in the winter.
c. tended to increase in the fall and winter, and decrease in the spring and summer.
d. tended to rise steadily from winter through summer, and then decrease in the fall.
c. tended to increase in the fall and winter, and decrease in the spring and summer.
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If a monopolistically competitive seller's marginal cost is $3.56, the firm will increase its output if
A) its marginal revenue is less than $3.56. B) its marginal revenue is equal to $3.56. C) its marginal revenue is more than $3.56. D) average total cost is less than $3.56. E) Both answers A and D are correct.
The dominant school of economic thought until midway through the Great Depression of the 1930s was:
a. classical. b. Keynesian. c. monetarism. d. supply-side. e. rational expectations.
_____ is the largest social insurance program in the U.S
a. Medicaid b. The food stamp program c. Supplementary security insurance d. The Head Start program e. Old-Age, Survivors, and Disability Insurance
An aggregate demand curve shows how
B. the amount of aggregate national production demanded varies with the price level. C. the demand for a particular product, such as bread, varies with the price of bread. D. None of the choices are correct.