From 1945 to 1995, the debt-GDP ratio in the United States
A. steadily increased.
B. fell from 1945 until around 1970 and rose thereafter.
C. steadily fell.
D. fell from 1945 until around 1980 and rose thereafter.
Answer: D
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Two countries have equal population. These countries will have equal income per capita in a particular year if ________
A) the countries have equal inflation rate in that year B) the GDP of both the countries are equal in that year C) equal amounts of capital are available in both the countries in that year D) the size of the working age population in both the countries are equal in that year
When a supplier becomes more profitable
a. there is increased benefits from acquiring it b. the benefits from a stronger firm-to-firm relationship are increased c. the benefits from a stronger firm-to-firm relationship are decreased d. there is no additional reason to acquire it
For any competitive labor market, changes that decrease the number of workers will:
A. increase the labor supply and shift the supply curve right. B. decrease the labor supply and shift the supply curve right. C. decrease the labor supply and shift the supply curve left. D. increase the labor supply and shift the supply curve left.
Price fixing is an arrangement whereby firms agree to:
A. set price equal to marginal revenue. B. set price equal to marginal cost. C. set price equal to average total cost. D. coordinate their pricing decisions.