One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money.
B. by increasing government spending.
C. by setting price ceilings on most goods so people can afford them.
D. None of these will help an economy in recession.
Answer: B
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A consumer is willing and able to buy 100 units of a good at $100, but the consumer's quantity demanded falls to zero if the price rises even a fraction of a cent. The consumer's demand curve is
A. vertical and is perfectly elastic. B. horizontal and is perfectly elastic. C. horizontal and is perfectly inelastic. D. downward sloping from higher prices down to $10 and then horizontal.
The farther into the future a stock dividend is expected to be paid, the less the stock price will be discounted.
Answer the following statement true (T) or false (F)