Refer to the data. Real GDP in year 3 is:
Use the following table for a hypothetical single-product economy.
A. $100.
B. $450.
C. $225.
D. $150.
D. $150.
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You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. You buy 25 bags of chips and 15 sodas. If bags of chips cost $3 each and soda costs $1 each, are you within your budget?
A. No, Over budget by $10 B. Yes, Under budget by $0 C. No, Over budget by $15 D. Yes, Under budget by $10
If a corporation cannot pay its debts, creditors cannot seek payment from shareholders' personal wealth
a. True b. False Indicate whether the statement is true or false
Collective bargaining
A) has nothing to do with fringe benefits. B) is bargaining between unions and management. C) is illegal in many states. D) is practiced in non-union related disputes.
Government spending rising during a recession is an example of
A. policy lags. B. an automatic stabilizer. C. an automatic destabilizer. D. discretionary economic policy.