Over time, the consumer basket of a base year becomes increasingly more representative of the things consumers buy
Indicate whether the statement is true or false
F
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Before the South Korean financial crisis, sales by the top five chaebols (family-owned conglomerates) were
A) nearly 50% of GDP. B) about 10% of GDP. C) almost 90% of GDP. D) nearly 25% of GDP.
Screening is
a. actions by the informed party to reveal her true risks b. actions by the informed party to conceal her true risks c. actions by the uninformed party to uncover the true risks d. actions by the uninformed party to conceal the true risks
How do we measure the slope of a linear curve?
Increases in the capital stock: a. Shift the short run aggregate supply curve to the right
b. Shift the long run aggregate supply curve to the right. c. Shift both short run and long run aggregate supply curves to the right. d. Do none of the above