When there is an abrupt increase in the rate of inflation,
a. the actual rate of inflation will tend to fall below the natural rate.
b. the actual rate of inflation will tend to rise above the natural rate.
c. the actual and natural rate of inflation will generally be equal.
d. the natural rate of unemployment will tend to rise.
A
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_____ gains when the U.S. dollar appreciates
a. A U.S. exporting firm b. A foreign tourist in the United States c. A U.S. investor investing abroad d. A foreign investor in the United States
Which of the following statements is true?
A. Income distribution in the United States has gotten progressively more unequal since 1929. B. The Lorenz curve indicates the degree of discrimination in an economy. C. The Lorenz curve indicates the degree of income inequality in an economy. D. The richest 5% of Americans earn approximately half of the nation's income.
How do U.S. exports of agricultural products affect the demand for agricultural products?
What will be an ideal response?
The demand for Ben & Jerry's ice cream will likely be ________ the demand for dessert.
A. more price elastic than B. equally price elastic as C. less price elastic than D. indeterminate from the given information