In Figure 20.1, the increase in Real GDP might reflect 
A. a stronger currency.
B. reduced worker productivity.
C. adoption of sound fiscal and monetary policies.
D. elimination of "welfare as we know it."
Answer: C
You might also like to view...
Unemployment data in the U.S. are published by the:
a. Bureau of Economic Analysis. b. Bureau of Labor Statistics. c. Department of Commerce. d. Bureau of Federal Intelligence. e. Internal Revenue Service.
The inefficiency in a monopolistic competitive firm is accepted because of which of the following?
a. There is nothing that can be done to avoid the deadweight loss. b. The government creates the differentiation. c. Consumers like the variety differentiation produces. d. Consumers do not like the variety differentiation produces.
Each of the following is likely to be a successful way for the government to solve the problem of overuse of a common resource except
a. regulating the use or consumption of the common resource. b. taxing the use or consumption of the common resource. c. selling the common resource to a private entity. d. asking individuals to voluntarily reduce their use of the resource.
Logrolling consists of
A) exchanging votes to gain support for legislation. B) spreading the costs of a piece of special interest legislation over many millions of people. C) attempts directed at slowing down the growth of rational ignorance. D) increasing taxes on some people and lowering taxes on other people. E) none of the above