Shocks to the economy occur when:
A. stock prices rise by more than 10 percent per year.
B. government takes a more active role in the economy.
C. prices are flexible.
D. actual economic events do not match what people expected.
Answer: D
Economics
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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. A decrease in demand and a decrease in quantity supplied are represented by a movement from
A) point a to point c. B) point d to point b. C) point b to point c. D) point c to point a.
Economics
Up until World War II inflation in the U.S. ________
A) remained around zero on average B) rose and remained quite high for an extended period of time C) has gone up and down but has always remained well above zero D) increased by a factor of four every year E) decreased by 30% every year
Economics