The aging of the US population after 2000
A. was more than countered by an opposite trend in immigration, so growth was robust.
B. should have been a source of growth but wasn't.
C. was a significant reason behind the slowing of economic growth during that period.
D. was entirely countered by an opposite trend in immigration, so growth was nearly zero.
Answer: C
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X-inefficiency refers to the situation in which:
A) highly competitive firms have less incentive to minimize their costs of production than other firms because the highly competitive firms have almost no chance to earn above-average profits. B) firms are unable to minimize their costs of production because there is no potential for input substitution. C) firms that use labor-intensive production methods tend to be less efficient than firms that use capital-intensive production methods. D) firms with market power have less incentive to minimize their costs of production than more competitive firms.
Which of the following will cause the sharpest decrease in equilibrium quantity?
a. Supply decreases, demand is unchanged. b. Supply decreases; demand decreases. c. Supply is unchanged; demand unchanged. d. Supply is unchanged; demand decreases.
The enormous budget deficits of 2009 through 2011 meant that the federal government was borrowing upwards of $1.5 trillion per year. If that borrowing had limited the ability of the private sector to get financial capital for its purposes, economists would call this crowding out. There was
A. significant evidence this was a problem because interest rates were very low. B. little evidence this was a problem because interest rates were very low. C. significant evidence this was a problem because interest rates were very high. D. little evidence this was a problem because interest rates were very high.
Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect a reduction in foreign output (Y*) will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria
What will be an ideal response?