The only way to compare GDP values over time is to use ______ for measurement.
a. money
b. gallons
c. weights
d. meters
a. money
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Oligopolistic firms tend to make large economic profits over time because
A. they have complete control in the market to charge any price they want. B. they produce at a point that is allocatively efficient. C. they charge higher than average total cost prices. D. they are productively efficient and produce the least costly way.
The purchase of a virtual item from an online company with a virtual currency causes the nation's:
a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.
One reason the total sum of all five income categories does not equal GDP is that
What will be an ideal response?
If the net public debt remains unchanged during a given period, but the gross public debt increases, then which of the following statements must be correct?
A. Foreign ownership of U.S. Treasury securities must have risen during the period. B. Foreign ownership of U.S. Treasury securities must have fallen during the period. C. Government interagency borrowing must have increased during the period. D. Government interagency borrowing must have decreased during the period.