Which of these changes was observed in the U.S. between 1929 and 1933?
a. The aggregate supply curve shifted inward with no change in the aggregate demand curve.
b. The aggregate demand curve shifted inward with no change in the aggregate supply curve.
c. The aggregate demand curve shifted outward with no change in the aggregate supply curve.
d. The aggregate supply curve shifted outward with no change in the aggregate demand curve.
e. The aggregate supply and demand curves both shifted outward.
b
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One way to avoid counting the prices of intermediate goods multiple times in computing the value of GDP is to:
A. sum the value added of only producers of final goods and services. B. sum the value added of producers of both intermediate and final goods and services. C. sum the value added of only producers of intermediate goods and services. D. subtract the value added of producers of intermediate goods and services from the value added of producers of final goods and services.
Refer to the scenario above. The price of a basket of goods worth $1 in the U.S. is ________ in Country 1
A) 50 karls B) 5 karls C) 20 karls D) 25 karls
Duration is
A) an asset's term to maturity. B) the time until the next interest payment for a coupon bond. C) the average lifetime of a debt security's stream of payments. D) the time between interest payments for a coupon bond.
On average, truck drivers who drive on dangerous ice-covered roads earn more per mile driven than similarly skilled truck drivers who drive on normal roads. The difference in pay can be attributed to
a. the marginal product of labor. b. the marginal product of capital. c. diminishing marginal returns. d. a compensating differential.