Of the following products, which is most standardized?
a. pizza
b. concrete
c. automobiles
d. clothing
e. paintings
B
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In the second half of the twentieth century, the U.S. inflation rate was at its highest in the period from
A) 1960 to the early 1970s. B) the mid-1970s to the early 1980s. C) the mid-1980s to the early 1990s. D) 1990-2000.
Which account of the balance of payments is most likely to be directly affected by a rise in real GDP?
a. Current international transactions b. Net nonreserve-related international borrowing/lending c. Official reserve-related (central bank) transactions d. None.
Every time an individual decides to try out new equipment, or finds better ways to manage money, he or she is exhibiting aspects of: a. money management
b. entrepreneurship. c. strategic management. d. capital management.
When taxes decrease, consumption
a. decreases as shown by a movement to the left along a given aggregate-demand curve. b. decreases as shown by a shift of the aggregate demand curve to the left. c. increases as shown by a movement to the right along a given aggregate-demand curve. d. increases as shown by a shift of the aggregate demand curve to the right.