Historically, the change in real GDP during recessions has been
a. mostly a change in investment spending.
b. mostly a change in consumption spending.
c. about equally divided between consumption and investment spending.
d. sometimes mostly a change in consumption and sometimes mostly a change in investment.
a
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Which of the following cases represent the smallest increase in the real national debt?
a. The price level increases by 200 percent and the nominal debt increases by 200 percent. b. The price level increases by 200 percent and the nominal debt increases by 100 percent. c. The price level increases by 200 percent and the nominal debt increases by 500 percent. d. The price level increases by 100 percent and the nominal debt increases by 300 percent. e. None of the above
Along with changes in the level of economic activity, measured by GDP, what other economic variable tends to rise and fall as a consequence?
a. precipitation b. regulation c. circulation d. unemployment
The market system is characterized by:
a. Extensive government constraints on individual behavior b. Government rationing of all goods and services c. Government control of all production decisions d. Private ownership of the means of production
Which of the following is not a form of air pollution?
A. The greenhouse effect. B. Smog. C. Acid rain. D. Thermal pollution.