During the period 1983-1989, the U.S. economy was
A. contracting.
B. in a recession.
C. in the trough of the business cycle.
D. expanding.
E. None of the choices are correct.
D. expanding.
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If the government imposes an effective ________, a deadweight loss ________
A) price floor; does not occur B) price ceiling; does not occur C) price ceiling; occurs D) price support; does not occur E) Both answers C and D are correct.
Prior to 1914, did antitrust legislation have much effect on monopoly power in the United States?
If the multiplier is 3, equilibrium real GDP is $1,000 billion, and investment is $400 billion, what will happen if investment decreases to $380 billion? Real GDP will:
a. increase to $1,020 billion. b. increase to $1,060 billion. c. decrease to $980 billion. d. decrease to $940 billion. e. decrease to $970 billion.
What is the present value of $1,000 received 3 years from now if the interest rate is 6%?
What will be an ideal response?