The GDP growth rate:
A. is measured as the percent change in real GDP from one time period to the next.
B. is a measure to track changes in an economy over time.
C. looks at changes in GDP across different time periods.
D. All of these statements are true.
Answer: D
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What is called for with heterodox stabilization policies?
What will be an ideal response?
The two key factors that trigger speculative attacks on emerging market currencies are
A) deterioration in bank balance sheets and severe fiscal imbalances. B) deterioration in bank balance sheets and low interest rates abroad. C) low interest rates abroad and severe fiscal imbalances. D) low interest rates abroad and rising asset prices.
Answer the following statements true (T) or false (F)
1. The purpose of using the four-firm concentration ratio is to calculate how much market share would change in the case of a merger between two of the firms. 2. A minimum price contract is illegal because it would restrict competition. 3. One regulatory option for dealing with natural monopolies is to leave them alone. 4. The purpose of the Dodd-Frank Act was to address numerous accounting scandals involving prominent corporations such as Enron, Tyco International, and WorldCom that occurred as a result of deregulation. 5. If firms were required to pay the social costs of pollution, they would create less pollution but produce less of the product and charge a higher price.
Which of the following is true of the inflation rates experienced by different countries around the world in the 1990s?
a. China experienced deflation during this period b. Russia experienced hyperinflation during this period c. Japan experienced an inflation rate of 24 percent during this period d. The United Kingdom experienced deflation during this period