After 1995 U.S. growth rate ________ and the European Rate ________
A) slowed down; speeded up
B) speeded up; slowed down
C) slowed down; slowed down
D) speeded up, speeded up
B
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According to Gresham's Law:
a. money with relatively high intrinsic value will be used for transactions. b. money with relatively low intrinsic value will be used for transactions. c. money with relatively high intrinsic value will cause inflation. d. money with relatively low intrinsic value will cause inflation. e. inflation increases the intrinsic value of money.
Differentiate between an induced increase in consumption and an autonomous increase in consumption. How are they represented on a graph?
In the economic way of thinking, bald eagles are a scarce good. Thus,
A) the bald eagle population can be maintained at no cost. B) the bald eagle population should be maintained at any cost. C) there are substitutes for bald eagles. D) there are no substitutes for bald eagles. E) economists don't like bald eagles.
How is the dominant firm's residual demand curve derived in an oligopoly market?