In an economy with persistent inflation

What will be an ideal response?


nominal GDP will grow faster than real GDP

Economics

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The marginal product of labor curve can be shifted to the right by

a. improved technology b. additional physical capital c. improved human capital d. all of the above e. none of the above

Economics

Net exports of goods are known as

A) the balance of payments. B) the merchandise trade balance. C) the current account. D) the financial account.

Economics

Under a system of fixed exchange rates, what happens if a country's currency is overvalued?

A) The central bank loses official reserve assets. B) The central bank gains official reserve assets. C) The currency appreciates. D) The exchange rate rises.

Economics

Squatters were considered pioneers or land entrepreneurs by many of the people in

(a) England and the New England colonies. (b) the New England colonies and Middle Colonies. (c) the Middle Colonies and Southern Colonies. (d) all of the above.

Economics