A nation's growth rate will most likely ________ as it converges to a new, higher balanced growth path
A) speed up
B) slow down
C) maintain its current pace
D) become negative
B
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In the 1990s, the rising value of the U.S. dollar made imported goods cheaper and this shifted the
A. aggregate demand curve outward. B. aggregate supply curve inward. C. aggregate supply curve outward. D. total expenditures curve upward.
A short-run increase in the price of a firm's output will typically
A) lead to a movement along the firm's demand for labor curve. B) lead to more employment in the competitive firm. C) not impact the hiring of labor. D) make the demand for labor more inelastic.
There is no way that externalities can be corrected
a. True b. False Indicate whether the statement is true or false
When the absolute price elasticity of demand equals 1, demand is
A) elastic. B) unit-elastic. C) inelastic. D) undetermined without more information.