Refer to Figure 22-1. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so, these countries were essentially preventing a moment from
A) B to C. B) D to C. C) A to B. D) B to A.
A
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An increase in the minimum wage to $15 per hour would lead to
A) an increase in search activity for many workers. B) a decrease in search activity for many workers. C) a decrease in unemployment. D) no change in unemployment. E) no change in employment.
How did the role of government in the East Asian miracle become a factor in the currency crisis of the late 1990s?
What will be an ideal response?
A change in government purchases has the greatest effect on the economy in the short run when _____. a. the aggregate demand curve is relatively flat
b. the aggregate demand curve is relatively steep. c. the short-run aggregate supply curve is relatively flat. d. the aggregate demand curve is vertical. e. the short-run aggregate supply curve is vertical.
What is core inflation? Why is it used?
What will be an ideal response?