In the United States, most macroeconomic data are
A. AR but not SA.
B. neither SA nor AR.
C. SAAR.
D. SA but not AR.
Answer: C
You might also like to view...
Three firms agree to operate as a monopoly and charge the monopoly price of $40 for their product and (jointly) produce the monopoly quantity of 50,000 units. If the competitive price for the product is $35, under the Clayton Act these three firms face treble damages of ________.
A) $1,000,000 B) $250,000 C) $3,000,000 D) $750,0
An increase in the number of producers of a good will
a. increase the market supply because the price will rise b. increase the market supply only if market demand increases too c. increase the market supply because market supply is the sum of all individual supply curves d. increase the market supply only if all suppliers have an identical supply curves e. decrease the market supply because firms compete with each other and each firm will supply more
Whenever marginal cost exceeds marginal revenue,
a. profit declines if the firm reduces output b. profit increases if the firm increases output c. the firm should shut down d. losses decrease if the firm increases output e. profit declines if the firm increases output
Debt service
A. Is a discretionary component of the federal budget. B. Is a redistribution, so it does not entail opportunity costs. C. Does not cost the government because it can issue new debt. D. Refers to the annual interest payments on the debt.