In Zimbabwe, at the height of the feedback loop:
A. prices were increasing by 7.6 billion percent per month.
B. real GDP was increasing by 7.6 billion percent per month.
C. the money supply was increasing by 7.6 billion percent per month.
D. the velocity of money was increasing by 7.6 billion percent per month.
Answer: A. prices were increasing by 7.6 billion percent per month.
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Which of the following groups has the lowest malnutrition rate among children less than 5 years of age?
a. middle-income economies b. low-income economies c. high-income economies d. sub-Saharan African economies e. all the world's economies
Economic fluctuations or business cycles:
a. measure changes in the total number of new businesses started during a year b. are fluctuations in the Dow Jones industrial average relative to a long-term growth trend. c. look at the role played by business on the level of unemployment. d. are fluctuations in the level of economic activity relative to a long-term growth trend. e. are changes in government spending that occur over a period of time.
Which of the following is NOT an organizational theory?
a. classical organization b. mechanistic c. system d. assembly
The understanding of why an economy is contracting during slowdowns and how to recommend appropriate policies is studied under:
A) macroeconomics. B) microeconomics. C) agricultural economics. D) international economics.