Classical economists wrote from the 1770s to the ________.
A. 1930s
B. 1960s
C. 1890s
D. 1850s
Answer: A
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According to this Application, many economists believe that the increase in "globalization" in the last 30 years has ________ the ability of countries to levy taxes at rates that differ substantially from other countries
A) limited B) slightly increased C) greatly increased D) eliminated
If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee
A) 20 cents B) 33 cents C) 36 cents D) 56 cents
Other things constant, the quantity theory of money concludes that any increase in the quantity of money
A) decreases the demand for money. B) decreases in the aggregate price level. C) decreases the aggregate level of nominal income. D) proportionally increases the price level.
The unemployment rate measures the percentage of:
a. people in the civilian labor force who are without jobs and actively seeking jobs. b. the U.S. population that is out of work and actively seeking a job. c. the civilian noninstitutionalized population that is out of work and actively seeking a job. d. people over age 21 who are without jobs and actively seeking jobs.