A shock that could trigger a recession is a
a. large military buildup
b. large increase in the price of oil
c. sudden unexplained increase in consumption
d. new technological breakthrough
e. large decrease in the price of oil
B
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The housing developments that were made up of identical, prefabricated houses, quickly built after World War II to meet the high demand for housing were produced by _______________.
Fill in the blank(s) with the appropriate word(s).
The demand facing a monopolistically competitive firm is ________ a monopolistic firm and ________ a perfectly competitive firm.
A. as elastic as; less elastic than B. less elastic than; more elastic than C. more elastic than; as elastic as D. more elastic than; less elastic than
Why are public goods a source of market failure?
What will be an ideal response?
What is fiscal federalism?
What will be an ideal response?