From the late 1960s to the late 1990s, the share of GDP devoted to government purchases
A. drifted gradually downward.
B. increased, but only after the onset of a war or a military buildup.
C. remained fairly steady.
D. drifted gradually upward.
Answer: A
Economics
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What will be an ideal response?
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Using the information in the table above, what does the slope of the line between x and y equal?
A) 5 B) -0.5 C) 2 D) -2
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At the equilibrium level of real GDP, total production equals total:
A. saving. B. investment. C. net exports. D. spending.
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Refer to the diagram for a monopolistically competitive firm. Long-run equilibrium price will be:
A. above A.
B. EF.
C. A.
D. B.
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