In the final two decades of the twentieth century, per capita income in sub-Saharan Africa
A) remained relatively unchanged. B) increased by approximately 35 percent.
C) increased by more than 75 percent. D) decreased by approximately 6 percent.
D
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What best describes US federal fiscal experience in the late 1920s and early 1930s?
a. Revenues collected increased rapidly through the period. b. A balanced budget was maintained for most of the Depression. c. Tax rates were consistently lowered to spur economic growth. d. Expenditures grew by over 300% from 1927 to 1940.
What short-run choice does the Phillips curve illustrate?
a. The choice between higher real wages and higher output b. The choice between cyclical unemployment and frictional unemployment c. The choice between a higher capital stock and inflation d. The choice between higher output per capita and maintaining the natural rate of unemployment e. The choice between unemployment and inflation
The following table shows a monopolist’s demand curve and cost information for producing its good. What price will the monopolist charge?
a. $25
b. $30
c. $20
d. $35
(a) In which year did disinflation begin? (b) In which year did deflation begin?
