Which of the following government agencies estimates and compiles the U.S. GDP accounts?
A. The American Economic Association
B. The Federal Reserve System
C. The Bureau of Economic Analysis
D. The Internal Revenue Service
C. The Bureau of Economic Analysis
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In the 1950s, about _________ of U.S. workers were in unions.
A. 1/3 B. 1/2 C. 1/4 D. 3/4
Which of the following is most likely to cause a rightward shift in the demand curve for dollars in exchange of the Chinese yuan?
A) An increase in the demand for Chinese products in the U.S. B) An increase in the demand for U.S. products in China C) A decrease in the demand for Chinese products in the U.S. D) A decrease in the demand for U.S. products in China
Katarina puts money into an account. One year later she sees that she has 6 percent more dollars and that her money will buy 4 percent more goods
a. The nominal interest rate was 10 percent and the inflation rate was 6 percent. b. The nominal interest rate was 6 percent and the inflation rate was 2 percent. c. The nominal interest rate was 4 percent and the inflation rate was 2 percent. d. The nominal interest rate was 10 percent and the inflation rate was 4 percent.
The slope of a line
A) can never equal zero. B) is always a constant. C) measures the ratio of the change in the value of the y-axis variable relative to the change in the value of the x-axis variable. D) measures the value of the y-axis variable relative to the value of the x-axis variable.