At what rate is GDP growth reported?
a. monthly, at an annualized rate
b. quarterly, at a quarterly rate
c. monthly at a quarterly rate
d. quarterly, at an annualized rate
d. quarterly, at an annualized rate
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What are the costs of capital mobility?
What will be an ideal response?
Consider the above figure. If the aggregate demand fell from AD1 to AD2, our nation would be experiencing
A) an inflationary gap. B) a recessionary gap. C) overemployment. D) rising prices.
As an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely: a. increases
b. remains constant. c. falls. d. falls and then rises.
If the exchange rate of the English pound goes from $1.50 to $2.00, the pound has
a. appreciated, and the English will find U.S. goods cheaper. b. appreciated, and the English will find U.S. goods more expensive. c. depreciated, and the English will find U.S. goods cheaper. d. depreciated, and the English will find U.S. goods more expensive.