Which of the following industrial countries experienced a relatively slower growth of real GDP in the latter half of the 1990s?
a. Canada
b. United States
c. Italy
d. France
e. Japan
Ans: e. Japan
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Which of the following antebellum institutions acted most like a central bank?
a. The First Bank of the United States b. The Second Bank of the United States c. Banks created by the National Bank Act d. The U.S. Treasury
How is the optimal level of input usage to produce a certain output identified with the help of isocosts and isoquants?
An inflationary gap exists when consumers and businesses are demanding more output than the economy is capable of producing at full employment
a. True b. False Indicate whether the statement is true or false
A change in demand is said to take place when there is a
A) shift of the demand curve. B) shift of the supply curve. C) price change. D) movement along the demand curve. E) quantity change.