If real GDP declines in a given year, nominal GDP:
A.
Must also be declining
B.
Must also be increasing
C.
May either rise or fall
D.
Is likely to remain constant
C.
May either rise or fall
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When an economy is at full employment, the unemployment rate is zero percent
Indicate whether the statement is true or false
Monopolistically competitive firms face downward sloping residual demand curves because these firms
A) have relatively few rivals (compared to competition). B) sell differentiated products. C) A and/or B. D) None of the above.
Which statement is true?
A. There are over 50 million Americans living below the poverty line. B. The poverty line is raised each year. C. Nearly all the nation's poor people live in the South. D. Poverty is a greater problem today than at any time since the end of World War II.
Which of the following transactions is not a use of funds for Country A?
a. Increases in Country A's central bank reserve assets. b. Dividends Country A pays to the rest of the world. c. Loans to Country A from the rest of the world. d. All of these are uses of funds. e. None of the above is a use of funds.