Between 2007 and 2009 our trade deficit
A. fell substantially.
B. remained about the same.
C. rose about 40 percent.
D. almost doubled.
E. more than quadrupled.
A. fell substantially.
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Output supply is more responsive to price in the short run than in the long run. ?
Answer the following statement true (T) or false (F)
Which of the following characterizes an oligopolistic industry?
a. mutual interdependence b. low barriers to entry c. small output of individual firms relative to the total market d. a large number of competing firms
Monetary neutrality means that a change in the money supply
a. does not change real variables. Most economists think this is a good description of the economy in the short run and in the long run. b. does not change real variables. Most economists think this is a good description of the economy in the long run but not the short run. c. does not change nominal variables. Most economists think this is a good description of the economy in the short-run and the long run. d. does not change nominal variables. Most economists think this is a good description of the economy in the long run but not the short run.
On a graph for the Gini Coefficient, the Gini Coefficient is calculated by ______.
a. multiplying area A by area B b. dividing area A by area B c. multiplying area A by area A + B d. dividing area A by area A + B