What is potential GDP?
A) It is the level of real GDP in the short run.
B) It is the difference between current GDP and maximum GDP.
C) It is the level of GDP at which inflation is constant.
D) It is the level of real GDP in the long run.
D
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Environmental standards can be specified as
a. ambient standards d. all of the above b. performance-based standards e. (a) and (b) only c. technology-based standards
Use the following graph for the market for beef to answer the question below.
Refer to the graph, which shows that the demand for beef shifted from D1 and D2. The change in equilibrium from E1 to E2 is most likely to result from a(n)
A. increase in the cost of cattle feed. B. decrease in consumer incomes. C. increase in the price of pork. D. decrease in the tax on beef products.
In the 1990s, video recordings were made primarily on tapes. However, in the 2000s DVDs became increasingly popular, leading to a sharp decline in video tapes
As a result, many people who manufactured tapes lost their jobs and didn't have the skills necessary to work making DVDs. This occurrence is best consider an example of A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) underemployment.
In evaluating the required rate of return for equity financing of a capital project, the Beta value is
A) the expected rate of growth in a firm's profits. B) the expected future value of a firm's stock. C) the volatility in the rate of return on a firm's stock compared with the volatility in the rate of return on a market portfolio of stocks. D) None of the above