Which of the following is not correct?
a. The model of aggregate demand and aggregate supply is used by most economists to analyze short-run fluctuations.
b. During a recession firms cut back production and workers are laid off.
c. A recession is a period of declining real incomes and declining unemployment.
d. A depression is a severe recession.
c
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If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
Refer to Scenario 1 . If Ajax can borrow at an interest rate of 5%, which projects should be considered? If Ajax can borrow at an interest rate of 11%, which projects should be considered?
What is the level of total investment if the interest rate is 10%?