Unless circumstances are quite out of the ordinary, a supply curve will be
A. horizontal.
B. vertical.
C. upward sloping.
D. downward sloping.
Answer: C
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The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle
A) expansion. B) peak. C) trend. D) recession. E) trough.
A good that is most likely to be in the producer price index is:
A. passenger cars. B. gasoline. C. light trucks. D. All of these are in the PPI.
One of the reasons that expansionary monetary policy has not been as effective as expected in recent years is that:
A. potential output was rising quickly. B. the fed funds rate was high. C. banks were holding significant excess reserves. D. Congress continued to run deficits.
When did the European Union become a common market?
What will be an ideal response?