The two most severe recessions of the post-World War II era occurred in 1981-1982 and 2008-2009 . The policy responses to the two recessions were
a. very similar; expansionary fiscal policy promoted a strong recovery in both cases
b. very similar, but the recovery was nonetheless weak in both cases
c. dramatically different; tax rates were cut and monetary policy was restrictive during the earlier recession, while government spending was increased sharply and monetary policy highly expansionary during the more recent recession
d. dramatically different; tax rates were increased and monetary policy was highly expansionary during the earlier recession, while tax rates were cut and monetary policy was restrictive during the more recent recession
C
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Which of the following statements is true?
A. If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in an equation form, rather than a tabular form. B. If a model has several explanatory variables and several variations to the general model are to be presented, it is better to report the results in a tabular form, rather than an equation form. C. The adjusted R-squared should always be listed in the result section of a research paper, while the R-squared may or may not be listed. D. The number of observations for each equation should always be listed in the result section of a research paper, while the R-squared may or may not be listed.
In moving along a given budget line:
A. the prices of both products and money income are assumed to be constant. B. each point on the line will be equally satisfactory to consumers. C. money income varies, but the prices of the two goods are constant. D. the prices of both products are assumed to vary, but money income is constant.
Price discrimination occurs when a firm sells
A) a given product at different prices at different points in time. B) a given product at different prices to different ethnic groups. C) a given product at different prices unrelated to differences in cost. D) a given product at different prices when it is produced in different colors.
How does the demand curve perceived by a monopolist compare with the market demand curve?
A.One has a horizontal demand curve, the other is vertical. B.Both are horizontal C.One has a vertical demand curve, the other is downward sloping. D.They are essentially the same