Suppose this year's inflation rate is 4 percent, which is greater than the 2 percent everyone expected. Which of the following is true?
a. real GDP will increase
b. the unemployment rate will probably rise
c. potential output will remain the same
d. the short-run aggregate supply curve will shift to the right
e. there will be a leftward movement along a given short-run aggregate supply curve
C
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Increasing the growth rate of GDP per capita and sustaining this growth rate in an economy can
A) increase the level of poverty. B) lower life expectancy. C) increase infant mortality. D) increase standards of living.
Define trade surplus and trade deficit
What will be an ideal response?
A monopolist is a price maker
a. True b. False Indicate whether the statement is true or false
Average revenue for a monopoly is the total revenue divided by the quantity produced
a. True b. False Indicate whether the statement is true or false