Investment is considered to be negatively correlated with current real GDP
a. True
b. False
Indicate whether the statement is true or false
False
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Major categories of market-based instruments include
a. pollution charges d. pollution permit trading systems b. subsidies e. all of the above c. deposit/refund systems
Empirical evidence suggests that saving tends to rise when there is an increase in interest rates. What does this imply about the relative sizes of the income and substitution effects? Explain
What will be an ideal response?
According to the graph shown, producing 9 units earns profits that are:
A. lower than output of 11 units, and the firm should increase production.
B. higher than output of 11 units, and the firm should decrease production.
C. higher than output of 11 units, and the firm should increase production.
D. lower than output of 11 units, and the firm should decrease production.
Which of the following groups had the highest percentage unemployed in February 2015?
a. new entrants b. job leavers c. job losers: temporary d. job losers: nontemporary