Fluctuations in investment _____
Fill in the blank(s) with the appropriate word(s).
account for more of the variability in gross domestic product (GDP) than consumption.
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Elasticity of demand is calculated by dividing the change in quantity by the change in the price of a good.
Answer the following statement true (T) or false (F)
On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 0.75 euros. Therefore, one euro would have purchased about ________ U.S. dollars
A) 0.75 B) 1.00 C) 1.33 D) 1.75
Along the long-run aggregate supply curve, the price level ____ with increases in aggregate demand
a. does not change b. increases c. decreases slightly d. decreases dramatically
Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. choice of occupation. B. experience. C. education. D. All of these can explain the differences.