Looking at the record of concentration in the United States during the last century, one finds concentration has
a. steadily increased.
b. risen dramatically in the past 15 years.
c. changed very little.
d. fallen steadily except in wartime.
c
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Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in the country?
A) Employment will fall less than if wages were flexible. B) Unemployment will fall less than if wages were flexible. C) Employment will fall more than if wages were flexible. D) Unemployment will fall more than if wages were flexible.
Ricardian Equivalence theory assumes that ________
A) an anticipated increase in the income of future generations will reduce the amount that is saved today on their behalf B) government spending remains constant C) many people are subject to borrowing constraints D) tax cuts have a positive impact on aggregate supply
Recessions
A. almost never last more than two consecutive quarters. B. do not occur in developed countries, including the United States. C. cause the unemployment rate to increase. D. are always followed by long periods of high rates of real economic growth.
Refer to the data provided in Table 11.3 below to answer the following question(s). Table 11.3ProjectTotal InvestmentExpected Rate of Return(dollars) (percentage)New computer for sales staff $250,00011Remodel for distribution center$200,000 9On-site day care center $100,000 5Employee fitness center$50,000 4Refer to Table 11.3. If the interest rate is 4.5%, Blackstar Drone Manufacturing's total investment would be
A. $100,000. B. $150,000. C. $450,000. D. $550,000.