Business cycles vary greatly in duration and intensity
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In a Dutch auction, ________ with each bid
A) the price of the good increases B) the price of the good decreases C) the quantity of the good being offered increases D) the quantity of the good being offered decreases
Although the subprime mortgage market problem began in the United States, the first indication of the seriousness of the crisis began in
A) Europe. B) Australia. C) China. D) South America.
Of the more than 9,000 banks in the country,
a. all are chartered nationally b. all are members of the Federal Reserve System c. all the state-chartered members are members of the Federal Reserve System d. none of them are chartered nationally e. fewer than 5,000 are chartered nationally; the rest remain state-chartered
Which of the following is a unique characteristic of the oligopolistic market structure?
a. low barriers to entry b. a large number of firms producing highly differentiated products that are complements to each other c. product differentiation among the products produced by individual firms d. mutual interdependence among firms in demand, and thus, in price decisions