Refer to Figure 22-4. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from
A) E to B to D. B) D to B to E. C) C to B to A. D) A to B to C.
A
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If real GDP increased and nominal GDP decreased during the same year, we could conclude that
a. the general price level increased during the year. b. the unemployment rate increased during the year. c. the general price level fell during the year. d. net exports were negative.
The supply of loanable funds can decrease as international and domestic savers send their saving to other international markets
a. True b. False Indicate whether the statement is true or false
Which one of the following examples is a cash assistance program used to fight poverty in the United States?
A. Medicaid. B. SNAP (food stamps). C. Temporary Assistance to Needy Families (TANF) D. Head Start.
There are two grocery stores in the new neighborhood that you have moved into. Because you did not know which store is better, you decided to go to the one that is relatively crowded. Your behavior is an example of ________
A) herding B) anchoring C) signaling D) sniping