Which of the following would be most likely to improve the standard of living of the residents of a less-developed country?
a. the development of strong labor unions
b. a sharp increase in the legal minimum wage
c. an increase in expenditures on education and capital investment
d. rapid growth rate of the money supply
C
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What has been the range of federal spending as a percentage of GDP since 1960?
a. 10 percent to 12 percent b. 13 percent to 15 percent c. 18 percent to 22 percent d. 25 percent to 30 percent
With an upward-sloping aggregate supply curve, tight monetary policy:
A. Reduces aggregate demand and decreases inflationary pressures. B. Reduces aggregate demand and increases inflationary pressures. C. Raises aggregate demand and increases inflationary pressures. D. Raises aggregate demand and decreases inflationary pressures.
When computing p-values, population variation matters.
Answer the following statement true (T) or false (F)
Which of the following is said to occur when a firm lowers its price to limit the decline in the quantity sold during a period of recession?
A. Persistent dumping B. Predatory dumping C. Cyclical dumping D. Seasonal dumping