You are a collector of antique coins. You purchase a silver dollar minted in 1898 . Is this sale included in GDP for the current year?
a. Yes, provided the coin is in mint condition.
b. No, it is not.
c. No, unless the coin has been in circulation.
d. Yes, it is.
e. Only if it is part of the current money supply.
b
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What explains the nearly universal scope of the Great Depression?
What will be an ideal response?
If the Fed's goal is to hold income constant, an expansionary fiscal policy must be accompanied by ________ monetary policy, and the Fed must allow the interest rate to ________ significantly
A) an expansionary, rise B) an expansionary, fall C) a contractionary, rise D) a contractionary, fall
In general, the marginal cost of avoiding an accident ________ as more actions are taken and the associated marginal cost curve is ________ sloping.
A) falls; upward B) rises; downward C) falls; downward D) rises; upward
Paul Bergeron and Virginia Clacey each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1,000th of 1 percent of the nation's soybeans. When they merge, it will
a. raise the price of soybeans in the U.S. b. be a vertical merger c. reduce competition in the soy market d. increase the market power of Paul and Virginia e. probably go unnoticed outside of Soyburg