"Per capita GDP" tells us ________.
the average income (or output) of a country per person
the amount of GDP adjusted for inflation
the amount of GDP at the natural rate of unemployment
the amount of GDP for a specific state
the average income (or output) of a country per person
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One of the strongest arguments against active stabilization policy is
A. that recognition lags make timely intervention very difficult. B. the economy corrects itself very slowly. C. the inability of economic theory to suggest appropriate policy. D. the difficulty of obtaining agreement on monetary policy.
The imposition of tariffs on Korean steel has led to ________ in imports of Korean steel to the United States and ________ the price of steel in the United States
A) an increase; raised B) no change; raised C) a decrease; raised D) an increase; lowered E) a decrease; no change in
How has the distribution of income changed in the past few decades?
What will be an ideal response?
Explain carefully the opportunity costs of a mother's time, what may lead these to change over time, and what effects these changes have on family decisions
What will be an ideal response?