Economists segment the business cycle into phases and the prosperity phase of the cycle is characterized by
a. high level of real GDP, full employment, and inflation
b. high level of real GDP, unemployment, and inflation
c. low level of real GDP, full employment, and inflation
d. high level of real GDP, full employment, and deflation
e. low level of real GDP, unemployment, and deflation
A
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The purchase or building by a corporation of a facility in a foreign country is called
A) foreign direct investment. B) foreign capital depreciation. C) foreign portfolio investment. D) globally-directed investment.
In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero
a. True b. False Indicate whether the statement is true or false
The theory of creative destruction implies that too much competition leads to monopolies
Indicate whether the statement is true or false
From 2006 to 2008, ______ fell by $350 billion.
a. mortgage-backed security valuations b. individual foreclosures c. subprime mortgage originations d. housing construction