The percentage of world GDP represented by the G7 is ________ and the percentage of world GDP represented by the BRIC economies is ________
A) falling, rising
B) falling, falling
C) rising, falling
D) rising, rising
A
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The economy is at full employment. If aggregate demand increases,
A) an inflationary gap is created and the AS curve shifts leftward as the money wage rate rises. B) an inflationary gap is created and the AD curve shifts leftward. C) an inflationary gap is created and potential GDP increases to close the ga
With reference to the graph above, if the intended aim of the price ceiling set at $6 was a net increase in the well-being of consumers:
A. then the policy was effective since consumers gained in surplus overall.
B. then the policy was ineffective since consumers gained in surplus overall.
C. then the policy was ineffective since consumers lost surplus overall.
D. then the policy was effective since consumers lost surplus overall.
Which of the following is true for a lower price elasticity of demand coefficient?
a. The market is broadly defined. b. The quantity demanded is more responsive. c. Few substitutes exist. d. Many substitutes exist. e. All of these.
Consider the model: log (wage) = alt="" class="Wirisformula" data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_07_Multiple_Regression_Analysis_with_Qualitative_Information__media__2b682f74-b87d-436e-a981-c7fbda5cd7aa.PNG" style="vertical-align:middle;" />female * graduate + u , where graduate is a dummy variable (1 if the person has graduated from college, and 0 otherwise), and female is a dummy variable (1 if the person is female, and 0 otherwise). Which of the following measures the return of graduating from college for men?
A. 
+ 
female + 
graduate + 
+ 
B. 
+
C. + 
D. 
+ 