In a recession, GDP ?
In a recession, GDP ?
A. Grows negatively
B. Grows slowly
C. Grows by 0%
D. Grows rapidly
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Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?
Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?A. the absorption approaches
B. the Marshall Lerner approach
C. the monetary approach
D. the elasticities approachIf marginal product is below average product ?
If marginal product is below average product ?A. The total product will fall
B. The average product will fall
C. Average variable cost will fall
D. Total revenue will fallWhen an individual buys a car in a congested urban area, it generates ?
When an individual buys a car in a congested urban area, it generates ?A. a positive externality
B. a technology spillover
C. an efficient market outcome.
D. a negative externalitySuburban growth was based on___________________?
Suburban growth was based on___________________?A. the development of automobile travel
B. expensive suburban property
C. wartime industrial expansions
D. movement of factories out of the citiesSuppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of substitution of good Y for good X (the slope of the indifference curve) ?
Suppose we measure the quantity of good X on the horizontal axis and the quantity of good Y on the vertical axis If indifference curves are bowed inward, as we move from having an abundance of good X to having an abundance of good Y, the marginal rate of substitution of good Y for good X (the slope of the indifference curve) ?A. rises
B. stays the same
C. could rise or fall depending on the relative prices of the two goods.
D. fallsIf the banks in an economy operate with a reserve ratio of 20 percent then the money multiplier is ?
If the banks in an economy operate with a reserve ratio of 20 percent then the money multiplier is ?A. 4
B. 20
C. 25
D. 5