World economic growth, as measured by increases in real GDP per-capita, was essentially zero during the period
A. 1946-1980.
B. 1865-1929.
C. 1750-1860.
D. 1300-1750.
Answer: D
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Which of the following is(are) indexed to inflation?
A. Standard deduction B. Employer contributions to pensions C. Gifts and inheritances D. None of the answer options are correct.
In the upward-sloping segment of the aggregate supply curve,
A. increases in output are linked to decreases in the price level. B. firms are willing to pay higher wages to get more labor. C. producers can hire more workers without having to raise the wage rate. D. the economy can increase aggregate supply without prices going up.
If the number of highway deaths among young people is roughly proportional to their beer consumption, and young people's elasticity of demand for beer is 1.5, then to decrease highway deaths of young people by 15 percent, taxes would need to be increased enough to increase the price of beer by:
A. 1%. B. 1.5%. C. 10%. D. 15%.
Relatively high interest rates in the United States contributes to a strong U.S. dollar (less dollars per another currency) and this may lead to a deficit on the U.S. current account
Indicate whether the statement is true or false