As a result of Lehman's collapse, real GDP first began to fall in
a. the fourth quarter of 2007.
b. the second quarter of 2008.
c. the third quarter of 2008.
d. the first quarter of 2009.
c
Economics
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A perfectly competitive firm's marginal revenue curve is downward sloping
Indicate whether the statement is true or false
Economics
A goal of contractionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.
Economics
The classical economists believed that recessions were ____________.
Fill in the blank(s) with the appropriate word(s).
Economics
The CPI is always 1 in the base year
a. True b. False Indicate whether the statement is true or false
Economics