Why did the U.S. temporarily operate outside the production possibilities frontier in 1942, 1943, and 1944?
A. The Civil War
B. World War I
C. The Great Depression
D. World War II
D. World War II
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For a fixed inflation rate target, an increase in the inflation rate corresponds to a ________ the aggregate demand curve and an increase in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement up; shift right of B. shift left of; shift right of C. shift left of; movement up D. movement up; movement down
Distinguish between direct finance and indirect finance. Which of these is the most important source of funds for corporations in the United States?
What will be an ideal response?
Economists believe the "full employment" level of unemployment is
(a) 0 percent (b) 2 percent (c) 5 percent (d) 10 percent
For a monopolist that does not price discriminate, economic profit is maximized in the short run at a price of $140 . Marginal revenue at that output level is
a. equal to $140. b. greater than $140. c. less than $140. d. less than marginal cost. e. greater than average revenue.