Identify an example of a flow variable
a. The volume of the federal government's debt
b. The population of a country in a particular year
c. The total amount of an individual's wealth
d. The amount of sales tax collected per year
e. The total amount of unemployment in an economy
d
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The current break-even quantity is
a. 3000 b. 600 c. 500 d. 300
The actual rate of inflation is equal to the expected rate of inflation along the:
a. downward-sloping Phillips curve. b. upward-sloping aggregate supply curve. c. horizontal aggregate supply curve. d. downward-sloping aggregate demand curve. e. vertical Phillips curve.
When disposable income is 3750, the APS is about
A. .6.
B. .45.
C. .35.
D. .25.
What has been the range of the decline in real output for U.S. recessions since 1950?
A. -10.0 percent to -14.9 percent B. -15.0 percent to -19.9 percent C. -5.0 percent to -9.9 percent D. -0.1 percent to -4.9 percent