Which of the following is most indicative of a recession?
a. a decline in unemployment
b. a rise in inflation
c. a decline in real GDP
d. an increase in the interest rate
C
You might also like to view...
If the marginal product of an input is negative, the total product must also be negative
a. True b. False
Suppose that inventory investment is $20 billion and (total) investment is $680 billion. What does purchases of newly produced capital goods equal?
A) $715 billion B) $785 billion C) $750 billion D) $35 billion E) There is not enough information to answer this question.
Games:
A. must have a dominant strategy present to reach a stable equilibrium. B. may have several stable outcomes. C. with noncooperative equilibriums are always negative-negative outcomes. D. only have one outcome possible.
Which of the following is a normative question?
A. Why do gasoline prices increase between Memorial Day and Labor Day? B. What will happen to gasoline consumption if the federal tax on gasoline is eliminated? C. How will oil exploration be affected if the government subsidizes oil producers? D. To reduce the regressive nature of the gasoline excise tax, should the portion of the gasoline excise tax paid by high-income individuals be increased?