________ in the United States ________ in most European countries
A) GDP per hour; is greater than GDP per hour
B) Average weekly hours; are greater than average weekly hours
C) The Okun Gap; is equal to the Okun Gap
D) The Lucas Wedge; is greater than the Lucas Wedge
E) Both A and B are true.
E
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Economists use different definitions of money because
A) deposits can be domestic or international. B) deposits may be held at banks or savings and loans. C) it is not always clear which assets are used primarily as money. D) there are differences in the frequency with which depositors use their accounts.
An increase in the price level is defined as
A) a recession. B) a growth boom. C) inflation. D) an expansion.
At the last board meeting a member proposed that the Marshall Lions Club lower its hamburger price at the Celebrate Marshall Festival. He argued this would sell more hamburgers for charity
a. He is wrong. b. Revenues would decrease. c. Revenues would rise. d. Revenues are not what matters. e. Profits would increase.
Which industry was first covered by a free trade agreement between Canada and the United States?
What will be an ideal response?