Which of the following groups of economists believe that cost-push inflation is impossible in the long run without excessive monetary growth?
A. Mainstream economists and monetarists.
B. Mainstream economists and rational expectations economists.
C. Monetarists and rational expectations economists.
D. Mainstream economists, monetarists, and rational expectations economists.
C. Monetarists and rational expectations economists.
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If a nation's real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million, its real GDP per capita will
A. fall by 6%. B. remain constant. C. fall by 12%. D. rise by 6%.
With a partial trade agreement
A) goods and services are allowed to cross boundaries without tariffs. B) two or more countries agree to liberalize trade in a selected group of categories. C) two or more countries set common tariffs toward non-members. D) two or more countries allow the free mobility of inputs such as labor and capital. E) two or more countries agree on establishing a common currency.
For resale price maintenance to be successful for the manufacturer, as a result of the product-specific services, the shift in the market demand must ________ the shift in the market supply.
A) be less than B) be exactly one -half C) be greater than D) be equal to
Because of its vast oil reserves, Saudi Arabia is a rich country. Saudi Arabia exemplifies the general fact that differences in __________ are responsible for some of the differences in standards of living around the world
Fill in the blank(s) with correct word