A "big-push" strategy for economic development refers to marginal but sustained patterns of investment and economic development over time, i.e., small increments that are consistent over a long time period
Indicate whether the statement is true or false
F
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An implication of the fact that the labor market is perfectly competitive is that:
A) there is always some unemployment. B) the labor demand curve is upward sloping and the labor supply curve is downward sloping. C) the quantity of labor demanded always exceeds the quantity of labor supplied. D) a worker willing to work at the equilibrium wage rate can instantly find work.
The figure above shows the price of a DVD player from 1996 to 2000. a. What type of graph is illustrated above? b. What is the trend in the price of a DVD player?
What will be an ideal response?
Excessive use of monetary or fiscal policies to achieve stabilization may:
A) require the cooperation of firms and the public in order to be effective. B) backfire if the economy becomes destabilized through erratic application. C) never be necessary as long as the economy can rely on automatic stabilizers. D) be better than weaker measures that may not hit the target.
In the short run with fixed prices, an increase in exports of $100 billion
What will be an ideal response?