When, over a sustained period of time, the growth of aggregate business activity falls below what is considered the normal growth rate, the economy necessarily experiences
A. inflation.
B. an expansion.
C. a recession.
D. deflation.
Answer: C
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If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
Which of the following would not shift the market demand for labor, ceteris paribus?
A. The productivity of labor. B. The number of employers. C. The demand for final products. D. The wage paid to labor.
A corporation's board of directors
A) hire the managers of the corporation. B) control the day-to-day activities of the corporation. C) are personally liable for the debts of the corporation. D) are the sole owners of the corporation.
The most recent agreement in which participating nations agreed to reduce their overall emissions of greenhouse gases was
A. the 2001 Doha Round of climate change. B. the 2015 Paris Agreement on Climate Change C. the 1987-1993 Uruguay Round of climate change D. the 1997 Kyoto Protocol on climate change.