Joseph Schumpeter's explanation of why economies experience business cycles focuses on
a. the climatic cycles caused by movements in the solar system
b. the impact of war activity on the economy
c. housing construction
d. the clustering of innovations
e. the interaction of the multiplier and the accelerator
D
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When discrimination occurs as a result of employer prejudice, discriminating firms do not maximize profits
a. True b. False Indicate whether the statement is true or false
Explain the suggestion that people may have their own "personal discount rate" and how that may affect decisions about borrowing and other financial matters.
What will be an ideal response?
The purchasing power of the average person in the world today is:
A. is about the same as it has been during the last two centuries. B. more than 30 times as high as it was 200 years ago. C. has increased steadily over the last two centuries. D. more than 20 times as high as it was 300 years ago.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. The payroll tax imposed initially
A. reduced the equilibrium wage rate by $3 per hour. B. did not change the equilibrium wage rate. C. reduced the equilibrium wage rate by $5 per hour. D. increased the equilibrium wage rate by $3 per hour.