Since the end of World War II, the rate of growth during expansions
A. is about what it was prior to World War II.
B. has been falling.
C. has been constant.
D. has been rising.
Answer: B
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In recent years, the prices of new domestically produced cars have been falling. Suppose consumers respond by reducing their demand for used cars and mass transport services such as bus travel
This information suggests that the cross-price elasticity between new cars and used cars, and the cross-price elasticity between new cars and bus travel, are negative. Indicate whether the statement is true or false
Our current account balance in 2009 was a
A. surplus of about $220 billion. B. surplus of about $420 billion. C. deficit of about $220 billion. D. deficit of about $420 billion.
Non-neutral technological change is more valuable to labor than neutral technological change
What will be an ideal response?
An increase in supply will occur when
A) the supply curve shifts downward to the right. B) the supply curve shifts upward to the left. C) the demand curve shifts downward to the left. D) the demand curve shifts upward to the right.