According to this Application, the economic effects of increases in temperature seem to
A) be confined to poorer countries. B) be confined to richer countries.
C) be nonexistent in most countries. D) be equal across all countries.
A
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George loses his job. The BLS will consider him unemployed
A) immediately. B) only after his severance pay runs out. C) only after he begins to actively seek another job. D) even if he accepts a cheaper part-time job.
Refer to Figure 24-4. In the figure above, LRAS1 and SRAS1 denote LRAS and SRAS in year 1, while LRAS2 and SRAS2 denote LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the growth rate in potential GDP in year 2?
A) 8% B) 9.1% C) 10% D) 12%
The traditional industrial policy of import substitution:
A. has been successful for those countries that managed to pick the "right" industries. B. has been successful for the great majority of countries. C. is generally unsuccessful in the real world. D. is used by most countries with some degree of success.
The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted-gross incomes of less than $100,000 . What effect do you think this act might have on the aggregate supply curve?