The key variable in determining changes in a country's standard of living is the
A. unemployment rate.
B. long-run rate of economic growth.
C. inflation rate.
D. interest rate.
Answer: B
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Which of the following is FALSE about indirect price discrimination
a. The firm is able to identify each customer's willingness to pay b. The firm is able to charge different prices to the different value customers c. The firm is be able to prevent arbitrage d. All of the above
In the 1970s, the U.S. relied on Command-and-Control models of pollution regulation.
A. True B. False C. Uncertain
Property rights are relatively secure and free from the threat of nationalization in the high-growth Asian economies
Indicate whether the statement is true or false
The higher the interest rate, the lower the present value.
Answer the following statement true (T) or false (F)