In Polynomia, real GDP increased by 8% and the population increased by 3% in 2018.. In 2018, Polynomia experienced
A. an economic decline.
B. economic growth and an increase in living standards.
C. no economic growth, but an increase in living standards.
D. economic growth, but not an increase in living standards.
Answer: B
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What is the effect on the equilibrium price and equilibrium quantity of theater tickets if the price of an orchestra ticket increases and the wage rate paid to actorsactors increases?? The equilibrium price of a theater ticket ______ and the equilibrium quantity? ______.
A. always falls ; increases B. always falls; decreases C. rises; increases, decreases, or remains the same D. does not change; does not change E. rises, falls, or remains the same; increases
According to Ricardian equivalence, taxation and government borrowing have the same effect on spending in the private sector
a. True b. False Indicate whether the statement is true or false
Briefly describe how warranties send a signal.
What will be an ideal response?
Which of the following is the best example of the concept of "normal"?
A. Hot dogs and hot dog buns B. SUVs C. Coke and Pepsi D. Ramen noodles