Policy activists' hope that they can undertake successful stabilization policy is ________ by the fact that natural real GDP ________ during recessions
A) improved, falls
B) worsened, falls
C) improved, increases
D) worsened, increases
C
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An increase in capital outflows from the United States will
A) decrease the balance on the capital account. B) decrease the balance on the financial account. C) increase the balance on the financial account. D) increase the balance on the current account.
Indonesians, for example, have a lower standard of living than Americans because they have a lower level of productivity
a. True b. False Indicate whether the statement is true or false
The market structure for an industry can limit the amount of profit a firm can make.
Answer the following statement true (T) or false (F)
Table 9.2 represents 3 markets for used guitars. Which of the markets in Table 14.2 are in equilibrium?
A. 1 only B. 2 only C. 3 only D. 2 and 3