The problem of political instability has been greatest in which continent?
A. South America
B. Europe
C. Asia
D. Africa
Answer: D
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During a recession, firms' expected profit from investment ________ so the demand for loanable funds curve ________
A) rises; shifts rightward B) falls; shifts leftward C) rises; shifts leftward D) falls; does not shift E) falls; shifts rightward
Explain what the profit-maximizing combination of resources is for the perfectly competitive firm
What will be an ideal response?
Frictional unemployment is inevitable because
a. sectoral shifts are always happening. b. there is a federal minimum-wage law in the U.S. c. some people do not want to be employed. d. unions are very popular in the U.S.
Stabilization policy used during the Great Recession could be abstracted by a
A. decrease in aggregate demand. B. decrease in aggregate supply. C. increase in aggregate demand. D. increase in aggregate supply.