The Soviet Union's economic growth rate slowed despite rapid increases in capital per hour worked
Indicate whether the statement is true or false
TRUE
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A local government would not be efficient in providing which of the following services?
A. International aid B. Police protection C. Fire protection D. Roads
If the price of cereal increases by 10 percent and the amount of milk demanded decreases by 2 percent, then the cross-price elasticity of these goods is:
A. 5. B. 5. C. 0.2. D. 0.2
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
________ --the use of federal budget to achieve macroeconomic objectives such as full employment, sustained economic growth, and the price level stability--is made by ________ on an annual timeline.
Fill in the blank(s) with the appropriate word(s).