Which of the following is correct?
a. Short run fluctuations in economic activity happen only in developing countries.
b. During economic contractions most firms experience rising profits.
c. Recessions come at irregular intervals and are easy to predict.
d. When real GDP falls, the rate of unemployment generally rises.
d
Economics
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A zone of peace refers to the idea that democracies
a. rarely go to war with each other. b. do not attack their immediate neighbors. c. maintain peace through heavily armed protection of their borders. d. are clearly more peaceful than any other states.
Economics
The above figure shows the demand and cost curves facing a monopoly. The monopoly maximizes profit by setting price equal to
A) $100. B) $200. C) $300. D) $400.
Economics