In January 2013, the world's cheapest Big Macs were sold in
A) the Philippines.
B) Russia.
C) China.
D) Malysia.
E) the Czech Republic.
D
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Common sense suggests (and macroeconomists agree!) that sustained economic growth over extended time periods is more important than the economy's short-term fluctuations
Why, then, do macroeconomists (and policymakers, and the general public) care so much about the business cycle?
According to figure 1.1, the favorite explanation for continuing poverty in America was "lack of effort" by the poor
Indicate whether the statement is true or false
When consumers lose confidence in the future of their economy, they begin to consume more, and this causes the aggregate demand curve to shift to the right
a. True b. False Indicate whether the statement is true or false
Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 3 ice cream cones?
A) $2.50 B) $7.50 C) $9.00 D) $13.50