Which statement is true?
A. Americans had a higher rate of saving in the 1990s than in the 1980s
B. In 2005, Americans savings rate actually turned negative
C. Interest on home equity loans is not deductible on federal income tax returns
D. None of these statements are true
B. In 2005, Americans savings rate actually turned negative
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The job loss rate
A) equals 1 minus the job finding rate. B) remains constant over the business cycle. C) rises in recessions. D) rises in expansions.
Money performs its job as a standard of value very well
A. in the short run. B. in the long run. C. in both the short and long run. D. in neither the short run nor the long run.
According to this Application, the argument that the broken window is good for society only works
A) in theory, but never in reality. B) if the economy is operating above full employment where too few resources ae available. C) if the economy is operating at full employment where resources are fully employed. D) if the economy is operating below full employment where resources are underemployed.
If a firm produces an experience good, its mode of advertising will be
A) persuasive advertising. B) direct advertising. C) not to advertise. D) none of the above.