A decline in real GDP for at least two consecutive quarters is referred to as:

Externalities are a type of market failure because:

Match the definition to the correct word

True or False.  State and local government spending has remained relatively stable over the last four decades. 

Liquidity describes the following:

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True or False.  An international comparison of unemployment rates across countries can be easily accomplished.

Liquidity describes the following:

Suppose Bank of America has checkable deposits of $5,000,000 and a reserve requirement of 10%.  What is the money multiplier?

True or False the Law of diminishing returns states as additional increments of resources are added to a certain purpose, the marginal benefit from those additional increments will decline.