Refer to the table below.  From 1900 through 1950, in what year was the longest expansion?  Enter your answer as an numeric date e.g. 1929. Trough Months of Contraction Peak Months of Expansion December 1, 1900 18 September 1, 1902 21 August 1, 1904 23 May 1, 1907 33 June 1, 1908 13 January 1, 1910 19 January 1, 1912 24 January 1, 1913 12 December 1, 1914 23 August 1, 1918 44 March 1, 1919 7 January 1, 1920 10 July 1, 1921 18 May 1, 1923 22 July 1, 1924 14 October 1, 1926 27 November 1, 1927 23 August 1, 1929 21 March 1, 1933 43 May 1, 1937 50 June 1, 1938 13 February 1, 1945 80 October 1, 1945 8 November 1, 1948 37 October 1, 1949 11 July 1, 1953 45 May 1, 1954 10 August 1, 1957 39 April 1, 1958 8 April 1, 1960 24 February 1, 1961 10 December 1, 1969 106 November 1, 1970 11 November 1, 1973 36 March 1, 1975 16 January 1, 1980 58 July 1, 1980 6 July 1, 1981 12 November 1, 1982 16 July 1, 1990 92 March 1, 2001 8 November 1, 2001 120 December 1, 2007 18 June 1, 2009 73  

The economy has just gone into a recession and consumers are not buying TVs which I construct so I have lost my job.  What type of unemployment occurred?

True or False.  In the past 20 years, the US has not had a budget surplus.

A firm that incurs an pollution tax for polluting will install more pollution control equipment only if the:

Wages are sticky downward according to the insider-outsider model because all of the following except:

Which of the following best describes the idea of a political business cycle that occurs as one of the practical problems of fiscal policy?

Credit cards are

If the on-campus demand for soda is as follows: Price (per can) $0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 Quantity demanded (per day) 100 90 80 70 60 50 40 30 and marginal cost of supplying soda is 50 cents, what price will students end up paying in: A perfectly competitive market? (Enter your answer as a numeric value)

True or False.  Goods and services with positive externalities are public goods.

True or False.  A perfectly competitive market is efficient from an economic viewpoint.