According to the graph above, the last expansion to occur before the outbreak of World War I in 1914 had a duration of ________
A) 23 months
B) 44 months
C) 3 years
D) 12 months
E) 20 months
D
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Suppose you are offered a new smartphone in exchange for thirty hours of your work in your friend's garden. This is an example of
A) money as a standard of deferred payment. B) barter. C) money as a medium of exchange. D) money as a store of value.
The Federal Reserve Bank of Minneapolis once chartered a small airplane to deliver money to a commercial bank that was experiencing a "mad run" on the bank
Indicate whether the statement is true or false
Which statement is true?
A. The monopolist usually operates at the minimum point of its ATC.
B. Nearly all monopolies are very large firms.
C. Most natural monopolies produce agricultural products or natural resources.
D. None of these statements are true.
Which of the following factors will decrease the current demand for a product?
A. An expected increase in the future price of the product B. A decrease in the current price of a substitute product C. A decrease in the current price of a complementary product D. An increase in the current price of a substitute product