For the first time in U.S. history, the federal government assumed responsibility for managing unemployment during the Great Depression
Indicate whether the statement is true or false
True
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Why is the demand curve horizontal for a perfectly competitive firm?
What will be an ideal response?
Supply-side economists focus on the expansion of capacity through lower marginal tax rates and policies to increase production incentives.
Answer the following statement true (T) or false (F)
Terence has $50 per week to spend on Subway sandwiches and milkshakes. The price of a Subway sandwich is $5 and the price of a milkshake is $4. He buys 6 sandwiches and 5 milkshakes. The marginal utility of the 6th sandwich = 25 and the marginal utility
of the 5th milkshake = 24. Which of the following is true? A) He is not maximizing his utility and should buy more milkshakes. B) He is maximizing his utility. C) He is not maximizing his utility and should buy more Subway sandwiches. D) He is not maximizing his utility because he is not spending all of his income.
Which of the following statements is (are) correct? Under a floating exchange rate system
a. dramatic swings in the dollar have become less common the last 20 years. b. the dollar has exhibited considerable volatility, particularly over the last 20 years. c. the value of the dollar has been targeted within a specific range. d. a gradual increase in the value of the dollar has taken place.