The table below shows data for Brazil
2006 2007
Real GDP growth rate 3.8 5.4
Inflation rate 4.2 3.7
Assuming the rate of velocity change is constant
A) the growth rate of money increased between 2006 and 2007.
B) the money growth rate was -0.4 percent in 2006.
C) the growth rate of nominal GDP was 1.7 percent in 2006.
D) the demand for money curve shifted leftward in 2006.
A
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When the principle of comparative advantage determines trade, then a country will
A) specialize only in that good with the highest opportunity cost. B) specialize only in goods with the lowest opportunity costs. C) specialize only in that good where output is less per worker hour than another country. D) specialize only in that good where production costs are more than average total costs.
The U.S. population growth rate in the first half of the 19th century was
a. about the same as that of most European countries. b. lower than that of most European countries. c. much higher than that of most European countries. d. sporadic—sometimes high and sometimes low.
Ebay's use of "bidding agents" will
a. effectively turn an English auction into a Vickery auction b. effectively turn a Vickery auction into an English auction c. decide how much to shade your bid for you d. make you a more aggressive bidder
Refer to the graph shown. If government establishes a minimum wage at $7.25 per hour:
A. there will be a shortage in this labor market. B. employers will be unable to find enough qualified applicants to fill the available positions. C. the number of job seekers will exceed the number of job vacancies, resulting in some unemployment. D. employers will be forced to hire 900 workers, resulting in reduced profits.