If a nation can produce a more computers per year than any other nation, that nation has a(n) ________ advantage in the production of computers.
A. relative
B. natural
C. absolute
D. comparative
Answer: C
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A portfolio manager for a property and casualty insurance company who anticipates a recession is likely to shift the company's portfolio into
A) short-term securities. B) preferred stock. C) common stock. D) long-term corporate bonds.
According to the analysis of the short run and long run Phillips curves in the text, a persistent inflation rate of 10% per year: a. Would keep unemployment below the natural rate
b. Would keep unemployment above the natural rate. c. Would result in unemployment at the natural rate of unemployment. d. Is consistent with any of the above scenarios.
List the different factors that cause a demand curve to shift
Suppose that there are no crowding-out effects and the MPC is .9 . By how much must the government increase expenditures to shift the aggregate demand curve right by $10 billion?