What was the decline in the value of mutual funds held by households during the depths of the financial crisis, between the third quarter of 2008 and the first quarter of 2009
A) $2 million
B) $2 billion
C) $200 billion
D) $2 trillion
D
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In 2014, global revenue for IBM was $2 billion lower when measured in dollars than when measured in local currencies. The reason for this discrepancy is the value of the
A) euro decreased relative to the British pound. B) U.S. dollar decreased relative to the Japanese yen. C) British pound increased relative to the U.S. dollar. D) U.S. dollar increased relative to most other currencies.
Suppose the quantity demanded is 1,000 million bushels of peaches per year when the price is $3 per bushel and 1,500 million bushels when the price is $1 per bushel. The price elasticity of demand in this range of the demand curve is:
a. elastic. b. inelastic. c. unitary elastic. d. infinitely elastic.
Which of the following is one of the fundamental economic questions every economy must ask?
a. What is the best method of production? b. Why will goods and services be produced? c. Where will goods and services be produced? d. What goods and services will be produced?
The line that shows the connection between inflation and unemployment in the short run is called the:
A. inflation-employment trade-off. B. Phillips Curve. C. price-work curve. D. aggregate supply.