Insufficient capital formation has been suggested as an explanation for the ________ economic growth in many poor nations.
A. lack of
B. rapid
C. continued
D. slow and steady
Answer: A
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Net exports equal
a. exports plus imports. b. exports minus imports. c. imports minus exports. d. GDP minus imports.
Gross domestic product (GDP) equals the ________ of final ________ produced within a country during a given period of time.
A. market value; goods B. market value; goods and services C. quantity; goods and services D. market value; services
Short-term economic fluctuations are ________ in length and severity and ________ to predict.
A. irregular; easy B. regular; easy C. regular; difficult D. irregular; difficult
Other things being equal, an increase in the supply of money
A) reduces the amount of money balances. B) reduces aggregate demand. C) generates significant changes in relative prices. D) increases the price level.