Choosing from among the following, the worst recession was in
A. 1937-1938.
B. 1980.
C. 1990-1991.
D. 2001.
A. 1937-1938.
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
LeBron James went right from high school to the NBA because he had a low opportunity cost of attending college
a. True b. False
Which of the following is least likely to increase the demand for new tires?
a. a decrease in the price of tires b. a decrease in the price of cars c. an increase in consumer income d. an increase in the number of miles people drive per year
In a "black market,"
A. suppliers take advantage of buyers. B. price is illegally below market price. C. only illegal goods and services are traded. D. illegal trading at market prices takes place.