Building a good reputation in the marketplace:
A. is not a significant value to a seller.
B. is easy to fake.
C. can take a long time to establish.
D. All of these statements are true.
Answer: C
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The full employment level of real GDP can be represented on an aggregate supply and demand diagram as a(n):
a. vertical line. b. upward-sloping line. c. horizontal line. d. downward-sloping line.
Which of the following statements is correct?
a. Interest would not exist in a nonmonetary economy. b. The present value of a future dollar payment is directly related to the interest rate. c. The present value of a fixed dollar payment to be received in the future will decline as the length of the time before the payment will be received increases. d. During an extended inflationary period, the money (or nominal) interest rate will usually be lower than the real rate of interest.
Which of the following would both make a country's real exchange rate rise?
a. its budget deficit increases and bonds issued in the country become riskier b. bonds issued in that country become riskier and it imposes an import quota c. it imposes an import quota and the budget deficit increases d. None of the above are correct.
(Consider This) In 2008 and 2009, the United States experienced what has come to be known as the:
A. Great Depression. B. Great Recession. C. Great Expansion. D. Great Stagnation.