The Economic Freedom of the World index is a measure of the consistency of a nation's institutions and policies with
a. political democracy.
b. economic freedom.
c. an Egalitarian distribution of income.
d. economic nationalism.
B
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
An increase in government spending
What will be an ideal response?
The poverty rate is
A. The percentage of the population that is counted as poor. B. An annual income of less than $29,000 for a family of four in 2014. C. The percentage of the population that receives food stamps. D. The income needed for an individual to be above the poverty line.
Consider the following:The relative price of movies this year has
A. increased. B. decreased. C. stayed the same. D. Not enough information has been given to calculate an answer.