Refer to Figure 1.7. Which of the following points are unattainable, ceteris paribus?
A. E.
B. G.
C. N.
D. F.
Answer: C
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Increases in the debt—GDP ratio are primarily caused by
A) a high growth rate of GDP. B) a high government deficit relative to GDP. C) increases in government borrowing through bonds. D) increases in interest rates.
In the long run, all costs are fixed costs
a. True b. False Indicate whether the statement is true or false
The underground economy
a. excludes the amount of criminal activity in an economy. b. is larger for developed nations than developing nations when measured as a percent of GDP. c. includes otherwise legal transactions that go unreported or unrecorded. d. in the United States is insignificant is size when compared to the official measure of GDP.
For nearly every year since 1970, the United States has:
A. held to very isolationist trade policy. B. exported more than it imported. C. imported about the same as it has exported. D. imported more than it exported.