The economy’s self-correcting mechanism ensures that neither recessionary nor inflationary gaps will be eliminated eventually.

In the wireless communication industry, firms that provide broadband access to the Internet are best regarded as

A) platforms in a shared-input market. B) end users in a shared-input market. C) platforms in a matchmaking market. D) end users in a matchmaking market.

What statement best describes the colonial economic experience?

a. The agricultural sector was initially a small portion of the economy, but quickly grew to be the largest sector. b. By the time of the American Revolution, the U.S. colonial economy was larger than about 70 percent of other nation's economies. c. The U.S. colonial economy was particularly hurt during the Seven Year's War. d. Economic growth was irregular and averaged about 0.45% per year.