Refer to Figure 2-1. Point A is
A) technically efficient.
B) unattainable with current resources.
C) inefficient in that not all resources are being used.
D) the equilibrium output combination.
C
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Gerrymandering involves busing students to achieve integration
Indicate whether the statement is true or false
If a country has a 4 percent annual growth in real GDP and a one percent growth in population, its per capita growth of real GDP is
A) five percent. B) four percent. C) three percent. D) 1/4 = 0.25 percent.
The simple graph that depicts intended investment as a horizontal straight line (investment measured on the vertical axis and national income measured on the horizontal axis) implies that intended investment is
a. income dependent b. equal to autonomous consumption c. autonomous d. induced e. equal to saving
The multiplier effect refers to the fact that a change in spending (aggregate demand) will
What will be an ideal response?