Fill in the blank: ________ is another term for a decline in real GDP is
A) Deflation.
B) Inflation
C) Economic growth
D) Recession
E) Unemployment
D
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The shutdown point occurs at the level of output for which the ________ is at its minimum
A) marginal cost B) average variable cost C) average fixed cost D) total cost
If Tattling Tina threatens to tell, what would Bratty Brenda's best response be?
a. Hit b. Not hit c. Run d. Hide
From 1890 to 2010, countries with lower levels of real GDP per person than the United States all had growth rates that are lower than that of the United States.
a. true b. false
Labor productivity in the U.S. in the periods 1973-1995 and 1995-2012 grew at average rates of:
A. 7.5% and 5.2%, respectively B. 1.5% and 2.4%, respectively C. 3.1% and 1.5%, respectively D. 4.1% and 4.3%, respectively