When actual GDP does not rise as fast as potential GDP, the economy most likely will experience
a. inflation.
b. recession.
c. economic growth.
d. falling unemployment.
b
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________ consumption is consumption that does not depend upon the level of GDP.
A) Autonomous B) Induced C) Voluntary D) Disposable
__________ is the term that means the percentage of total sales within a given market that each firm in that market receives.
a. Market share b. Exclusive dealing c. Concentration ratio d. Cost-plus ratio
An insolvent bank's assets are worth less than its liabilities
a. True b. False Indicate whether the statement is true or false
As Europe explored monetary union, evidence to date suggests that increased variability in exchange rates
A) reduces foreign trade and investment. B) increases foreign trade and investment. C) does not seem to have an impact on foreign trade and investment. D) hurts foreign investment but not trade.