During the Great Recession of 2007-2009, the U.S. ________
A) experienced unprecedented declines in household wealth
B) the unemployment rate more than doubled
C) experienced the most severe economic downturn since the Great Depression
D) all of the above
E) none of the above
D
Economics
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During a business cycle recession, total production ________ and total employment ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Economics
As Reba consumes four slices of pizza, her total utility rises from 0 to 18, to 24, to 28, and to 30, respectively. What is her marginal utility of the first slice of pizza?
a. 18 b. 24 c. 2 d. 7 e. 8
Economics