Which of the following economic regions has experienced the least growth in real GDP per capita since 1820?
A. Africa.
B. Asia excluding Japan.
C. Latin America.
D. Western Europe.
A. Africa.
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A depression can be defined as: a. a mild reduction in total production coupled with a rising unemployment rate that lasts for several years. b. a mild decline in total production that lasts less than six months
c. a severe fall in stock prices that causes financial panic and lasts for several years. d. a severe reduction in total production coupled with high unemployment that lasts for several years. e. a decline in government spending and taxes that lasts for several months.
Blenders Anytime produces kitchen products and has issued 20,000 shares of stock. Skip has 10,000 shares of Blenders’ common stock. Melda has 1,000 shares of its common stock. If Skip gets 50 votes at today’s shareholder’s meeting, how many votes does Melda get?
a. 1 b. 5 c. 10 d. 25
Explain what the IP curve is and why it is upward sloping
What will be an ideal response?
The net-export effect of expansionary monetary policy is a(n)
A. appreciation of the value of the dollar and the increase of U.S. net exports. B. depreciation of the value of the dollar and the increase of U.S. net exports. C. appreciation of the value of the dollar and the decrease of U.S. net exports. D. depreciation of the value of the dollar and the decrease of U.S. net exports.