For the late 19th and the first half of the 20th century, which of the following did NOT occur?
(a) The demand for foreign goods declined relatively as domestic income expanded.
(b) Population soared.
(c) Government intervention in market affairs slowed considerably.
(d) The competitive economy fueled industrialization in the U.S.
(c)
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In the scenario above, as a result of increased advertising, Talbot's economic profit
A) decreases by $500. B) increases by $170. C) increases by $750. D) decreases by $100.
In the macroeconomics long run...
What will be an ideal response?
Average consumption in an economy is best measured by ________, while average productivity in an economy is best measured by ________.
A. output per worker; output per person B. output per worker; total output C. total output; output per worker D. output per person; output per worker
Ending the "Great Inflation" era in the 1970s is an example of
A) inflation targeting. B) exchange rate targeting. C) central bank independence. D) appointment of a more conservative central banker. E) all of the above.