The slope of the aggregate demand curve illustrates that as the price level rises,
a. real GDP demanded decreases.
b. real GDP demanded increases.
c. the aggregate demand curve shifts rightward.
d. the aggregate demand curve shifts leftward.
a
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In U.S. v. U.S. Steel Corporation, the Supreme Court ruled that
a. U.S. Steel had violated the Sherman Act, particularly by organizing meetings with competitors such as the "Gary Dinners.". b. despite the fact that U.S. Steel controlled 50 percent of output in the steel industry, the company had not achieved monopoly power. c. large corporations, by definition, violate the Sherman Act. d. the Sherman Act did not apply to U.S. Steel because steel manufacturing was an activity "clothed with a public interest.".
Which of the following is most important if the living standards of people residing in a country are going to improve?
a. growth of population b. growth of per capita GDP c. growth of the money supply d. growth of government expenditures as a share of GDP
The middle class in China:
A. outnumbers the entire population of the United States. B. is almost equal in size to the entire population of the California. C. is about half the size of the population of the Germany. D. None of these is true.
About one out of every _________ Hispanics is poor.
Fill in the blank(s) with the appropriate word(s).