Globally, on average test scores of eighth-grade math and science students, the U.S. ranks (as of 2011):
A. 5 th and 7 th , respectively.
B. 1 st and 1 st , respectively.
C. 9 th and 10 th , respectively.
D. 8 th and 6 th , respectively.
C. 9 th and 10 th , respectively.
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Fiscal policy involves which of the following?
A) interest rates B) tax policy C) buying and selling government-agency bonds D) none of the above
In a hyperinflation, the economy:
A. always collapses. B. can continue to function because people build expected inflation into wages and prices. C. will slow on its own to lower inflation. D. can continue to function but people are unwilling to hold any money.
Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 1 ice cream cone?
A) $0.50 B) $3.50 C) $9.00 D) $13.50
The long-run equilibrium level of RGDP only changes when the LRAS shifts
a. True b. False Indicate whether the statement is true or false