The federal government's budget deficit __________ between 2008 and 2009.
A. remained stable at $459 billion
B. increased from $459 billion to $1,413 billion
C. increased by $1,413 billion
D. decreased from $1,413 billion to $459 billion
Answer: B
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Gross domestic product is the money value of manufacturing production in a year.
Answer the following statement true (T) or false (F)
During the 1990s, Japan experienced periods of deflation and nominal interest rates that approached zero percent. Why would anyone lending money agree to a nominal interest rate of almost zero percent?
What will be an ideal response?
When deriving an Engel curve, the prices of both goods
A) are held constant. B) increase by the same percentage as income. C) decrease by the same percentage as income. D) can either decrease, increase or stay the same.
Which of these is a key difference between a perfectly competitive firm and a monopolistically competitive firm?
a. A monopolistically competitive firm faces a downward-sloping demand curve, while a perfectly competitive producer faces an upward-sloping demand curve. b. A monopolistically competitive firm has no control over the market price, while a perfectly competitive firm has some control over the market price. c. A monopolistically competitive firm faces a horizontal demand curve, while a perfectly competitive producer faces a downward-sloping demand curve. d. A monopolistically competitive firm has some control over the market price, while a perfectly competitive firm has no control over the market price.