When the share of government spending in GDP increased in the United States during World War II
A) investment's share of GDP fell. B) investment's share of GDP increased.
C) government spending was crowded out. D) consumption's share of GDP increased.
A
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Which of the following would not lead to a change in the supply of chocolate ice cream?
a. a change in productive capacity b. a change in the price of strawberry ice cream c. a change in the price of milk d. a change in the price of chocolate ice cream e. a change in the expected future price of chocolate ice cream
Efficiency wages may decrease employee turnover
a. True b. False Indicate whether the statement is true or false
When an economy produces its potential output, _____ is zero.
Fill in the blank(s) with the appropriate word(s).
Julia knows that the price elasticity of movie rentals is 3. She knows, therefore, that if she raises her price from $2 to $2.50, her rentals will drop by approximately
A. 150 percent. B. 100 percent. C. 75 percent. D. 33 percent.