to the diagram. The equilibrium level of GDP is:
A. Y 5 .
B. Y 4 .
C. Y 3 .
D. Y 2 .
B. Y 4 .
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The job finding rate is defined as
A) the probability that someone who has been unemployed for over a year will find a job in the next month. B) the probability that someone who is not in the labor force will enter the labor force in the next month. C) the probability that someone who is employed will change jobs in the next month. D) the probability that someone who is unemployed will find a job in the next month.
An increase in demand will cause
What will be an ideal response?
Scarcity refers to
A. the ability of society to consume all that it produces. B. a shortage in a good or service. C. the inability of society to satisfy all human wants because of limited resources. D. the inability of an individual to purchase a good or service due to her limited income.
An increase in United States net foreign direct investment would occur if
A) United States citizens have increased the value of foreign stocks and bonds they own. B) net foreign investment increases. C) United States citizens have increased their building or purchasing of facilities in foreign countries. D) net capital flows decrease.