Recessions - Study guides, Class notes & Summaries

An economist notices that sunspot activity is high just prior to recessions and concludes that sunspots cause recessions. The economist has confused association with and causation. Which of the following is a statement of normative economics? The minimum wage is good because it raises wages for the working poor. Scarcity exists in all countries in the world. Which of the following would eliminate scarcity as an economic problem? None of these because scarcity cannot be eliminated.

Money & Banking Final from practice test and actual exams A rising stock market index due to higher share prices a. decreases people's wealth, but is unlikely to increase their willingness to spend b. increases people's wealth and as a result may increase their willingness to spend c. decreases the amount of funds that business firms can raise by selling newlyissued stock d. increases people's wealth, but is unlikely to increase their willingness to spend - CORRECT ANSWER b. incre...

Chapter 9 test bank with Verified Answers Graded A+ 1. B 2. C 3. C 4. B *Recurring upswings and downswings* in an economy's real *GDP* over time are called A. recessions. B. business cycles. C. output yo-yos. D. total product oscillations. In the United States, *business cycles* have occurred against a *backdrop of a long-run trend* of A. declining unemployment. B. stagnant productivity growth. C. rising real GDP. D. rising infla

IBOLC COMPREHENSIVE EXAM v1 Latest Update Actual Exam from Credible Sources with Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor 100% Troop Leading Procedures - ANSW..• Receive the mission- LDRs determine unit mission and time available to accomplish it. Conduct initial analysis. • Issue a warning order (WARNO)--less detailed than Opord • Make a tentative plan- • Start necessary movement • Reconnoiter • Complete the plan • Issue...

Managerial economics is best defined as the economic study of: a. how businesses can sell the most products. b. how businesses can operate at the lowest costs. c. how businesses can decide on the best use of scarce resources. d. how businesses can make the most profits. correct answers c. how businesses can decide on the best use of scarce resources. Managerial economics: a. describes how pay for managers is set. b. helps managers make decisions in the face of scarcity. c. explains w...

Which of the following terms is used to describe the actors and forces outside marketing that affect marketing management's ability to build and maintain successful relationships with target customers? A) marketing environment B) marketing orientation C) strategic planning D) target markets E) marketing mix Answer: A AACSB: Analytical thinking Skill: Concept Objective: LO 3.1: Describe the environmental forces that affect the company's ability to serve its customers. Difficulty: ...

Purdue ECON 252 Exam 2 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 100% Pass| Rated A+ capital accumulation - the growth of capital resources, including human capital. when a country saves more, this grows faster. aggregate investment - savings rate x GDP political creative destruction - the process in which economic growth destabilizes existing regimes and reduces the political power of rulers. creative destruction - refers to the process by which new technologies ...

Econ Test 4 UPDATED Actual Exam Questions and CORRECT Answers Discretionary fiscal policy refers to - CORRECT ANSWER- intentional changes in taxes and government expenditures made by Congress to stabilize the economy Countercyclical discretionary fiscal policy calls for - CORRECT ANSWER- deficits during recessions and surpluses during periods of demand-pull inflation

MIE 480 Exam 1 Questions and Answers Already Passed What is "Strategy"? Strategy is a set of actions to achieve company objectives. It's a high- level plan on how to achieve objectives (often related to profitability). Company profitability is significantly determined by the: Industry structure; Firm competitive advantage (where we stand relative to other firms) Strategic choice: A strategic choice has a basic structure - 1. Identify the objective or goal. 2. Formulate the alt...