Over the business cycle, real GDP fluctuates around
A) the business cycle trough.
B) the business cycle peak.
C) nominal GDP.
D) potential GDP.
E) the Lucas Wedge.
D
Economics
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In the above figure, flow B represents households' ________
A) income B) consumption expenditures C) saving D) investment
Economics
The total value of U.S. Treasury bonds outstanding equals
A) the federal government deficit. B) the cyclically adjusted budget deficit. C) the federal government surplus. D) the federal government debt.
Economics
Goods that are rival in consumption but not excludable would be considered
a. club goods. b. common resources. c. public goods. d. private goods.
Economics
Does the text suggest that the falling prices in solar power generation come from economies of scale?
What will be an ideal response?
Economics