Consider the above figure. If the aggregate demand fell from AD1 to AD2, our nation would be experiencing
A) an inflationary gap.
B) a recessionary gap.
C) overemployment.
D) rising prices.
B
Economics
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In the above figure, the indifference curves indicate that the two goods are
A) perfect complements. B) perfect substitutes. C) ordinary goods. D) normal goods.
Economics
Teenage unemployment rates tend to be a little lower than the overall unemployment rate.
Answer the following statement true (T) or false (F)
Economics
Mrs. Dodge has $8 million in income and pays no income taxes. Her income is most likely
a. capital gains. b. interest on corporate bonds. c. interest on municipal bonds. d. offset by mortgage interest.
Economics
An assumption of the production possibilities frontier model is that technology is fixed
a. True b. False Indicate whether the statement is true or false
Economics