Economists usually suggest that the best way to examine the deficit is by expressing it:
A. as a percentage of GDP.
B. in real terms.
C. in nominal terms.
D. None of these is true.
A. as a percentage of GDP.
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The above figure shows Jane's budget line and two of her indifference curves. How many steak dinners will Jane purchase each month?
A) 4 steak dinners B) 6 steak dinners C) 8 steak dinners D) 10 steak dinners
What is an externality? Explain how someone receiving a meningitis vaccination is an example of an externality in the market for health care
What will be an ideal response?
An increase in the restrictions on immigration will shift the
A. AS curve to the left. B. AS curve to the right. C. AD curve to the right. D. None of the choices are correct.
The theory of efficient markets:
A. allows for higher than average returns if the investor takes higher than average risk. B. assumes people have equal luck. C. rules out high returns due to chance. D. says insider information makes markets less efficient.