The Great Depression began in
A. the second half of 1929.
B. the middle of 1930.
C. early 1932.
D. March 1933.
A. the second half of 1929.
Economics
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When a competitive price-searcher market is in long-run equilibrium, the firms in the market will earn
a. substantial economic profits. b. zero economic profits. c. significant economic losses. d. an above-normal accounting rate of return.
Economics
If the price of steel, an input into the production of automobiles, rises, and at the same time the price of gasoline rises, what will happen to the equilibrium price and quantity of automobiles?
Economics