Which of the following factors have not contributed to the "Great Moderation" of real GDP in the U.S. over the past 20 years?
a. Better inventory management
b. Better macroeconomic policy
c. Greater availability of financial products for lending and borrowing
d. Imposition of a ceiling on interest rates
e. Smaller real shocks
d
Economics
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What method of inventory valuation should be used for economic decision-making problems?
a. book value b. original cost c. current replacement cost d. cost or market, whichever is lower e. historical cost
Economics
If production technological interdependency exists, the ________ integration of the successive production stages ________ production costs.
A) vertical; increases B) vertical; can reduce C) horizontal; can reduce D) horizontal; doubles
Economics