To join the EMU, a country must have
A) a public-sector deficit no higher than 3 percent of its GDP in general.
B) a public-sector deficit no higher than 2 percent of its GDP in general.
C) a public-sector deficit no higher than 1 percent of its GDP in general.
D) a zero public-sector deficit.
E) a public-sector deficit no higher than 4 percent of its GDP in general.
A
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European countries tend to rely on which type of tax more so than the United States does?
a. an income tax b. a lump-sum tax c. a value-added tax d. a corrective tax
The rate of change in total utility equals
A. marginal utility. B. the rate of change in marginal utility divided by the price. C. the change in marginal utility divided by the change in quantity. D. the change in marginal utility associated with eating all the quantities a person can handle.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.
The likely result of an economy operating at full employment is:
a. cost-push inflation. b. demand-pull inflation. c. a lower rate of growth. d. hyperinflation.