Compared to the 1973 to 1995 period, average real earnings of workers ________ from 1960 to 1973.
A. grew at about the same rate
B. grew more slowly
C. grew more rapidly
D. declined
Answer: C
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Based on data from 2016, annual imports to the United States were approximately ____ and annual exports from the United States were approximately ____.
A. $0.6 trillion; $1.5 trillion B. $2.2 trillion; $0.7 trillion C. $2.9 trillion; $2.3 trillion D. $1.5 trillion; $2.0 trillion E. $2.0 trillion; $2.0 trillion
Use the following table to answer the next question.YearUnemployment Rate (%)Inflation Rate (%)14.03.024.52.535.02.045.53.056.04.5Consider years 3, 4, and 5. Based on this data, the Phillips curve is ________.
A. downward sloping B. vertical C. of indeterminate slope D. upward sloping
If the combination of goods consumed at point C is preferred to combination D then
A) point C is on a higher indifference curve. B) point C is on the same indifference cure but at a point where the vertical axis value is greater than point D's vertical axis value. C) point C is on a lower indifference curve. D) point C is on the same indifference curve but at a point where the horizontal axis value is greater than point D's horizontal axis value.
Money is the most liquid asset available because
a. it is a store of value. b. it is a medium of exchange. c. it is a unit of account. d. it has intrinsic value.