The above figure illustrates
A) a recessionary gap.
B) a full-employment equilibrium.
C) an inflationary gap.
D) an equilibrium at the economy's physical limits.
C
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A firm earns $600 of total revenue from selling its product at $200 per unit. If the per-unit cost of producing the good is $150, the firm sells ________ units(s) of the good
A) 1 B) 2 C) 3 D) 4
Relative to the United States, the European Union antitrust law focuses more on all of the following except which one?
A) ethics B) furthering the social interest C) the leveling of the competitive playing field D) fairness
The gold standard is
A) a type of floating exchange rate system. B) a type of managed flexible exchange rate system. C) a type of fixed exchange rate system. D) a purely floating exchange rate system.
If there was both an increase in technology and an increase in labor force participation, real GDP growth would ____ and real GDP growth per capita would ____
a. increase: increase b. be indeterminate; be indeterminate c. be indeterminate; decrease d. increase; be indeterminate