Using the seasonal business cycle as your guide, during which quarter would you be most likely to expect a drop in your corporation's sales, if your company produces consumer goods?
A. The first quarter of the year (January-March)
B. The second quarter of the year (April-June)
C. The third quarter of the year (July-September)
D. The fourth quarter of the year (October-December)
Answer: A
You might also like to view...
In the presence of negative pollution externalities, it is more efficient to have Cournot competitors than Bertrand competitors.
Answer the following statement true (T) or false (F)
Movements along the Phillips curve result in the:
a. savings rate varying inversely with the unemployment rate. b. inflation rate varying directly with the unemployment rate. c. inflation rate varying inversely with the unemployment rate. d. interest rate varying inversely with the unemployment rate.
If the federal funds rate is set by the Taylor rule and the output gap increases by 5 percentage points, everything else remaining unchanged, the federal funds rate should ________
A) decrease by 2.5 percentage points B) decrease by 5 percentage points C) increase by 5 percentage point D) increase by 2.5 percentage points
Assuming that the rent ceiling is strictly enforced so that there is no black market, which of the following statements about a housing market with a rent ceiling set below the equilibrium rent is correct?
A) The rent for housing equals the ceiling rent or higher. B) There is excess supply of housing. C) The rent ceiling increases the amount of producers' surplus. D) The rent ceiling creates a deadweight loss. E) The rent ceiling enforces efficiency upon the housing market.