The clear winners from the quota are the ________, and the losers are the ________.
A. domestic producers; domestic consumers
B. importers; domestic producers
C. domestic consumers; domestic producers
D. government; domestic consumers
Answer: A
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In Modigliani's life-cycle hypothesis, nearing or in retirement, a person's MPC tends to fall
Indicate whether the statement is true or false
Which of the following is the most accurate statement?
a. In the 1970s, the late 1980s, 1990s, and 2000s, the GDP deflator and the CPI both showed high rates of inflation. b. In the 1970s, both the GDP deflator and the consumer price index showed high rates of inflation, and in the late 1980s, 1990s, and 2000s, both measures showed low rates of inflation. c. In the 1970s, both the GDP deflator and the consumer price index showed low rates of inflation, and in the late 1980s, 1990s, and 2000s, both measures showed high rates of inflation. d. In the 1970s, the late 1980s, 1990s, and 2000s, the GDP deflator and the CPI both showed low rates of inflation.
During 2001-2011, what happened to the federal budget deficit?
What will be an ideal response?
Refer to Figure 13A.1. Capital deepening occurs as long as:
A. total saving exceeds depreciation. B. depreciation exceeds total saving. C. total saving and depreciation are equal. D. the level of Y is increasing.