Which of the following nations has experienced the highest average annual rate of growth of per capita real GDP since 1990?
A. United States
B. Germany
C. China
D. India
Answer: C
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During an economic downturn, increased spending on infrastructure repairs is:
A. more costly because the resources needed to complete those projects aren't available. B. a bad idea because there's no need for better infrastructure during an economic downturn. C. less costly because the resources needed to complete those projects would otherwise sit idle. D. a good idea because it will slow the pace of economic recovery.
If the ________ curve is relatively more unstable than the ________ curve, an interest rate target is preferred
A) IS; IS B) IS; LM C) LM; IS D) LM; LM
A group of firms are selling undifferentiated products if
A) consumers perceive the products identical between the firms. B) production costs are the same for all firms. C) the firms are selling goods that are identical, though consumers view them as different. D) the firms are part of a single cartel.
Any change in people's willingness to participate in the labor force is represented as a movement along a labor supply curve
a. True b. False Indicate whether the statement is true or false