In an economy with persistent inflation
What will be an ideal response?
nominal GDP will grow faster than real GDP
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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
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.
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.
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.