C. Fishery's population is harvested at a higher rate than it reproducesApproximately what percentage of the world's fisheries in 2009 was overexploited?
A. 1 percent
B. 10 percent
C. 30 percent
D. 50 percent
C. 30 percent
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To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
At each of the three points in the following graph, indicate whether planned aggregate expenditure is greater than, equal to, or less than GDP?
What will be an ideal response?
The United States has greater income
a. disparity than most other economically advanced countries, but a more equal income distribution than some developing countries. b. disparity than both other economically advanced and all developing countries. c. equality than most other economically advanced countries but greater income disparity than some developing countries. d. equality than both other economically advanced and developing countries.
Choose the letter of the diagram in Figure 16.1 that Keynesians would use to illustrate the effects of stimulative fiscal policy on the economy.
A. a. B. b. C. c. D. d.