Based on an analysis of macroeconomic outcomes under Republican and Democratic administrations, we would expect which of the following to occur?
A) Growth rates to be generally higher under Republican administrations.
B) Macroeconomic policy to be relatively contractionary under Democratic administrations.
C) Unemployment rates to be generally higher under Democratic administrations.
D) Inflation rates to be generally lower under Democratic administrations.
E) none of the above
E
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Harry's Hookahs incurs $700,000 per year in explicit costs and $500,000 in implicit costs. The company earns $1.4 million in revenues and has $3.7 million in net worth. Based on this information, what is the accounting profit for Harry's Hookas?
A) $200,000 B) $700,000 C) $900,000 D) $1.1 million
Refer to Figure 2-4. Consider the following movements:
a. from point V to point W b. from point W to point Y c. from point Y to point Z Which of the movements listed above represents advancements in technology with respect to only plastic production? A) a, b, and c B) b and c only C) b only D) c only
Refer to Figure 24-3. Which of the points in the above graph are possible long-run equilibria?
A) A and B B) A and C C) A and D D) B and D
Which condition would generate a violation of the Ricardian Equivalence?
A) downward sloping labor supply curve B) underdeveloped credit markets C) inflationary monetary policy D) deflationary monetary policy