If real GDP increases we know for sure that
A) prices have risen but output has remained constant.
B) output has risen.
C) prices have remained constant.
D) prices have risen.
B
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The number of people officially unemployed is not the same as the number of people who can't find a job because:
a. the armed forces is included. b. some people have jobs but continue to look for a better one. c. some people who can't find a job become discouraged and quit looking. d. none of these.
Who makes the first push in the big-push strategy?
a. consumers b. entrepreneurs c. foreigners d. workers e. government
Excise taxes are the largest single source of federal government revenue
a. True b. False Indicate whether the statement is true or false
Suppose the price of local cable TV service increased from $16.20 to $19.80 and as a result the number of cable subscribers decreased from 224,000 to 176,000. Along this portion of the demand curve, price elasticity of demand is:
A. 0.8. B. 1.2. C. 1.6. D. 8.0.