If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would increase
a. True
b. False
Indicate whether the statement is true or false
True
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The dependency burden is
a. a measure of the degree to which the less developed countries are dependent on the rich industrial countries. b. the average number of children that a woman gives birth to during her lifetime. c. the number of babies born per 1000 persons. d. the percent of the population that is below 15 and above 65 years of age.
When the U.S. price level increases, economists predict a:
A. movement down along the aggregate demand curve. B. shift straight up of the aggregate demand curve. C. shift to the right of the aggregate demand curve. D. decrease in expenditure.
A . How does our ratio of public debt to GDP compare with other democratic market-economy countries' ratios? b. Does this indicate whether or not our debt ratio is a problem? Explain
When economists speak of changes in GDP measured in constant dollars, they mean that
What will be an ideal response?