Which major asset experienced a price bubble just before the housing price bubble of 2006-2009?
A) Internet or tech-stocks
B) Tulip bulbs
C) Japanese real estate
D) Railroad stocks
A
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If a firm doesn't make an economic profit, it will shut down
Indicate whether the statement is true or false
Distinguish between a closed shop and a union shop. Are either or both shops legal? Explain
What will be an ideal response?
Open market sales of bonds by the Federal Reserve reduce the money supply and
a. reduce aggregate expenditures b. increase real aggregate expenditures c. are helpful in monetizing the federal debt d. stimulate purchases of consumer durables e. stimulate spending at many levels
Resources are efficiently allocated when production occurs at that output level where price:
A. is greater than marginal revenue. B. equals marginal revenue. C. is equal to average variable cost. D. equals marginal cost.