In the United States, government purchases, as a percentage of real GDP, have generally declined since the 2001.
a. true
b. false
Ans: b. false
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The Age of the great industrial capitalist was
A. the first quarter of the 19th century. B. the second quarter of the 19th century. C. the third quarter of the 19th century. D. the fourth quarter of the 19th century.
Is the following quote correct? "Here's the law of demand in a nutshell. The lower the price, the higher the quantity demanded, other things constant."
A) Yes, it is totally correct. B) No. It would be correct if it didn't say "other things constant." C) No, because it confuses demand and quantity demanded. D) No, because the law of demand does not apply to nutshells.
The movement of rush-hour traffic demonstrates that
What will be an ideal response?
Suppose that the CPI in Egypt was 111 in 2015 and 122 in 2016. The inflation rate between those two years was approximately:
A. 4.8 percent. B. 5.5 percent. C. 9.9 percent. D. 11 percent.