What is the difference between a recession and a depression? A. A depression is the opposite of a recession. B. A depression occurs at the peak of the business cycle, while a recession occurs during a contraction. C. A depression is a particularly severe and long-lasting form of recession. D. A depression is caused by government inaction, while a recession i

Q: 1) If investment spending depends on GDP, this is called induced investment? T/F 2) A change in ...

A: When a good is manufactured with the use of factors of production, cost  takes place for producing t...

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A: Classical political economics is another name for classical economics. Classical economics is a scho...

Q: What type of commerce is "buying from vending machines" exemplify!

A: Vending machines help to provide the service which will be new and innovative and that will enhance ...

Q: 1. Calculate the value of nominal GDP for 2004. a. PHP800 b. P1,060 c. P1,200 d. P1,460

A: Nominal GDP refers to the GDP at current prices. It is defined as the market value of the various go...

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A: Collective rights is held by a group of people rather than the individuals of the group. So it  prio...

Q: A computer company produces affordable, easyto-use home computer systems and has fixed costs of $250...

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

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A: If homeowners are allowed to deduct part of their mortgage interest payments on their income tax for...

Q: Joanna calculated that last year her income by fell by 4% and that the price of biscuits increased b...

A: Given Increase in price = 16 % Decrease in consumption = -40%  

Q: Maria has decided to have a birthday party for 5 of her friends. She needs to buy sausages, bread an...

A: here we find the correct option by the following method as follow;

Q: 12. If _____ is rising, it likely means that the economy is shrinking. A. consumer spending B. nomin...

A: GDP is the value of final goods and services produced in the economy within a given period of time  

Q: Which of the following is NOT TRUE about Insurance companies? * a. They are non-depository instituti...

A: When product or a particular service is manufactured, cost  takes place and process of business foll...

Q: What are the four stages of the business cycle? Describe each stage.

A: Business cycle refers to ups and downs of the economic activityies.  

Q: If actual output stays above potential output for some time, then we should expect. to rise and the ...

A: The goods market is in equilibrium where the aggregate demand and aggregate supply are equal to each...

Q: The relationship between inflation rate and growth rate of real GDP 50% 45% 40% 35% 30% 25% 20% 15% ...

A: Inflation: It is the overall rise in the level of prices in the economy. In other words, it can be d...

Q: Suppose that this year, the money supply grows by 6%, velocity increases by 1%, and real GDP increas...

A: By definition, we assume that the growth rate of price level is the inflation rate. growth rate of t...

Q: Table 3 Employed Unemployed Not in the Labor Force 95,000 people 5,000 people 80,000 people Referrin...

A: The labor force is the sum of the number of people employed and the number of people unemployed but ...

Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...

A:

Q: Government is often responsible for those services that private enterprises cannot or are unwilling ...

A: Public goods are those goods which are non-rivalrous and non-excludable. It means that no individual...

Q: firm decides to invest X units of capital in Project A and Yunits of labour in Project B.   iv.  ...

A:

Q: From the following demand and supply equation find the equilibrium price (ePx); Qdx= 30.1Px-270.8 an...

A: The equilibrium price is the only price where the plans of consumers and the plans of producers agre...

Q: hat were some decisions students had to make when they decided to start a business?

A: The activities which depict making money through the production and selling of products to consumers...

Q: QUESTION 32 Which of the following is not a decision made within the context of the long run: a. the...

A: If the existing firm is making a profit in the short run, then the new firm will enter the market in...

Q: Which of the following does not exemplify the globalization of education?         C...

A: There is a form of government adopted worldwide which is known as democratic government and it has b...

Q: Which of the following statements is FALSE? high rates of unemployment often have a way of perpetuat...

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: What are four non-price determinants of demand that are assumed constant, and that when changed, cau...

A: Law of Demand states that there exists inverse relationship between price and quantity demanded of g...

Q: If the demand for smartwatches are expected to increase and production costs are expected to decreas...

A: "When the demand for smartwatches is expected to increase and production costs are expected to decre...

Q: Which of the following statements is correct? A) To increase its profit, the firm always increases ...

A: Firms must establish wages sufficiently high to ensure that employees receive an employment rent in ...

Q: A market consists of groups of buyers and sellers of a good or service. Market equilibrium represent...

A: The curve that depicts the various quantities of goods being demanded by individuals at various leve...

Q: D. If there are implicit costs of production

A: To find : What happens when there is implicit cost of production. 

Q: Suppose that there are three movies each in a week. In week 1, we have Mediocre movie that generates...

A: Given information Week   Movie    Utility 1          Medicore   3 2        Good          5 3        ...

Q: 5. Suppose we want to estimate the effects of alcohol consumption (alco- hol) on college grade point...

A:

Q: What, if any, are features of functionalist analysis that remain relevant to our understanding of th...

A: Because it considers every part of society, how it performs, and how that helps society function, fu...

Q: A firm earns economic profit when total profit exceeds

A: To find : When firm book profit

Q: Why will profits for firms in a perfectly competitive industry tend to vanish in the long run?

A: A perfectly competitive industry is where there are many buyers and sellers there exist no barriers...

Q: All of the following statements about import tariffs are true except Group of answer choices ...

A: Import tariffs means the taxes that are levied on the imported goods. The basic aim behind imposing ...

Q: The shape of rectangular hyperbola is made by

A: To find : How is shape of rectangular  hyperbola made

Q: Profit is maximum when

A: To find : Condition for profit to be maximum. 

Q: A. Define a "discouraged worker" B. Indicate what may be happening in the economy when the unemploym...

A: Answer: A. Discouraged workers: Discouraged workers are the unemployed workers who have stopped look...

Q: Practice Use a money demand and supply diagram to show and explain what will happen to interest rate...

A: The money demand curve shows the inverse relationship between the interest rate and the quantity of ...

Q: In the United States, grain has many uses. These include food (directly and indirectly), fuel, and e...

A: Answer:- Nature negatively affects the dirt in light of the fact that the parts effectively dry it i...

Q: Which of the policies that Type A supports will Type C also support? Circle the correct answers. A m...

A: Given, Type A: Increase in GDP(Y) and a decrease in the unemployment rate            Type B: Net exp...

Q: 1. Suppose two nations, Beta and Gamma, each make aircraft and corn. The main resource in each natio...

A: The cost that depicts the value of the next best alternative when a certain decision is being made i...

Q: $10 ATC 8 AVC 10 20 30 40 Quantity Using the above graph, calculate the firm's total cost of produci...

A: Average cost is per unit cost of production. Average variable cost is the per unit variable cost of ...

Q: Doesn’t environmental protection hurt the economy?

A: Enviornmental protection refers to the government programs and activities to protect and maintain th...

Q: What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of...

A: A person is said to be unemployed if he/she is willing to work and looking for it but not able to fi...

Q: 2. Identical firms are in a monopolistic competition market. Entering the market generates a sunk co...

A: Introduction Here monopolistic competition market has given.  Fixed cost = 128 Marginal cost = 10 Ma...

Q: a. Explain the meaning of each of these equations. b. What is the marginal propensity to consume in ...

A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...

Q: he market demand for a product is Q = 2500 – 400P - 0.11, where P i ne price per unit of a product, ...

A: The marginal revenue refers to the change in the total revenue one additional unit of output is sold...

Q: Calculate the missing information in the table    Year Real GDP Nominal GDP GDP Deflator Price of...

A: The gross domestic product (GDP) is a standard measure of the value added created by the production ...

Q: Imagine that a state government is considering the construction of a new state office building to co...

A: Marginal benefits are the greatest sum a customer will pay for an extra decent or administration. Th...