After World War II, the probability that an economic expansion of a given age would end in the next month
A. remained fairly steady as the age of the expansion increased.
B. was not associated with the age of the expansion.
C. increased as the age of the expansion decreased.
D. decreased as the age of the expansion increased.
Answer: A
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Which of the following is most likely to reduce an individual's future spending?
A) Withdrawing money today B) Lending money today C) Paying back a loan in the future D) Withdrawing money in the future
Refer to Table 18-9. Sylvia is a single taxpayer with an income of $70,000. What is her marginal tax rate and what is her average tax rate?
A) marginal tax rate = 8%; average tax rate = 19.3% B) marginal tax rate = 30%; average tax rate = 22.5% C) marginal tax rate = 20%; average tax rate = 30% D) marginal tax rate = 30%; average tax rate = 30%
Average fixed costs
A) are always rising with increases in production B) are dependent on marginal costs. C) are dependent on average variable costs. D) are always falling with increases in production.
An increase in the quantity of loanable funds traded means that
a. firms are borrowing less and investment decreases. b. firms are borrowing less and investment increases. c. firms are borrowing more and investment increases. d. firms are borrowing more and investment decreases.