Which of the following best characterizes the economic growth for OECD countries since the mid-1970s?
A) Growth has come to a complete halt.
B) Growth has slowed down.
C) Growth has not changed since the 1950s and 1960s.
D) Growth has increased slightly.
E) Growth has increased dramatically.
B
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Over 65% of those age 85 or older are female
Indicate whether the statement is true or false
The central bank in the United States is known as the Federal Reserve System
a. True b. False Indicate whether the statement is true or false
Since 1960 the distribution of income in the United States has
A. become more equal. B. become less equal. C. remained about the same.