In the context of the global economy, the United States' capacity utilization rate __________________ than it was just a few decades ago.
A. is much more important
B. is much less important
C. has the same importance
B. is much less important
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If ________, total efficiency units of labor will increase
A) firms hire more workers B) the number of retired people in an economy increases C) the capital stock of an economy decreases D) the rate of unemployment increases
Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 2016. You know that average prices have risen steadily since 1961. You earn
A) less than 5 times as much as your grandfather in terms of nominal income. B) 5 times as much as your grandfather in terms of real income. C) less than 5 times as much as your grandfather in terms of real income. D) more than 5 times as much as your grandfather in terms of real income.
Population density varies little between the fifty states
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 25.1 below to answer the question(s) that follow.
Figure 25.1Refer to Figure 25.1. The money demand curve will shift from 
to 
if
A. the price level increases. B. interest rates rise. C. interest rates fall. D. nominal income decreases.