After the Great Depression, an explanation for why output growth would stop is called:
A. secular stagnation theory.
B. the slow growth model.
C. the frictional stagnation hypothesis.
D. the structural stagnation hypothesis.
Answer: A
You might also like to view...
In a competitive economy with no government sector: a. goods with spillover benefits will not be produced at all. b. there will be too few public goods produced
c. goods with spillover costs will be underproduced. d. too few resources be allocated to each industry.
An implication of the median voter theorem is that
a. minority views and majority views are given equal weight. b. platforms of the major political parties will not differ greatly. c. the logic of democracy is fundamentally flawed. d. behavioral economics plays a significant role in voting outcomes.
A natural monopoly is a market where:
A. a single firm has control over a vital natural resource. B. many smaller firms can produce the entire market output at the same per-unit cost as could one large firm. C. a single large firm can produce the entire market output at a lower per-unit cost than a group of smaller firms. D. many smaller firms can produce the entire market output at a lower per-unit cost than could one large firm.
What should happen to the equilibrium price and quantity in a market as a result of a quota on imports?
A. Equilibrium price should go up, and equilibrium quantity should go down. B. Equilibrium price and quantity should both go down. C. Equilibrium price and quantity should both go up. D. Equilibrium price should go down, and equilibrium quantity should go up.