Refer to the above table. The current account balance is
A. $170.
B. -$45.
C. $140.
D. $155.
Answer: C
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Because workers in the U.S. economy receive most of the total income earned, which of the following factors of production is considered to be the most important?
a. profit b. wages c. interest d. labor
Dollar depreciation raises United States Real GDP when the __________ shift of the AD curve exceeds the _________________ shift of the SRAS curve
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
At the natural rate of unemployment, the long-run Phillips curve has a(n)
A. vertical slope. B. horizontal slope. C. upward slope. D. downward slope.
If marginal cost is less than average total cost,
a. marginal cost must be falling b. average total cost must be increasing c. average variable cost equals average total cost d. average variable cost must be decreasing e. average variable cost may be increasing or decreasing