________ increases potential GDP
A) A decrease in the money wage rate
B) A recessionary gap
C) A recession
D) An increase in the amount of human capital
E) An increase in aggregate demand
D
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Jim is haggling with a car dealer on the price of a used car. If the dealer is getting a bonus per sale made, in addition to the commission, the storekeeper's
a. Disagreement value increases b. Eagerness to agree increases c. Disagreement value decreases d. Both B&C
Expansionary fiscal policy:
What will be an ideal response?
A nation's balance of payments is the accounting record of all economic transactions between its residents and residents of the rest of the world
Indicate whether the statement is true or false
Which of the following examples would most likely involve a person earning minimum wage?
a. Fifty-year-old Koki works as marketing specialist for 20 years. b. Twenty-year-old Catherine works as an office assistant for a large corporation. c. Fifteen-year-old Sean works as a caddy while his parents earn $100,000 a year. d. Thirty-year-old Tamar works in a factory while her husband teaches high school.