The United States savings rate
A. is higher than the Chinese savings rate.
B. was 10 percent in 2005.
C. was the most important factor contributing to the high economic growth rate since 1995.
D. usually goes up during and soon after a recession.
D. usually goes up during and soon after a recession.
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Which of the following individuals is NOT counted as unemployed?
A. Jennifer, who just graduated from college and is now seeking employment with the company of her dreams. B. Jackie, who was recently fired and is now applying for another job C. Jack, who has become discouraged about ever finding a job and has stopped looking D. Jamil, who recently quit his job and is looking for a new position
Oligopoly differs from monopolistic competition in that an oligopoly includes
A) product differentiation. B) barriers to entry. C) no barriers to entry. D) downward-sloping demand curves facing the firm.
The law of diminishing marginal utility is in effect when marginal utility is
A. positive and increasing. B. initially zero and then decreasing. C. positive and decreasing. D. initially zero and then increasing.
Can macroeconomic policy be used systematically to create unanticipated inflation?
A. No, according to Keynesian economists. B. Yes, according to classical economists. C. Yes, according to Keynesian economists, if Ricardian equivalence holds. D. No, according to classical economists.