Of the following regions, which had the lowest average growth rate per year from 1996-2013?
A. China
B. Sub-Saharan Africa
C. Japan
D. the United States
Answer: C
You might also like to view...
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
Which of the following is not a main function of the entrepreneur?
A. To make routine pricing decisions. B. To innovate. C. To assume the risk of economic losses. D. To make strategic business decisions.
Expectations are hard to test even though economists know the model the public uses when forming expectations.
Answer the following statement true (T) or false (F)
During the Great Depression, real GDP decreased, unemployment soared, and the inflation rate was negative. Which would have been the appropriate federal government policy combination to improve economic performance?
A) increase government expenditure, decrease taxes, increase the quantity of money B) increase government expenditure, decrease taxes, decrease the quantity of money C) decrease government expenditure, increase taxes, decrease the quantity of money D) do not change government expenditures or taxes , increase the quantity of money E) decrease government expenditures, increase taxes, do not change the quantity of money