An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase
B. increase; increase
C. decrease; decrease
D. increase; decrease
Answer: D
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Government regulators might suspect a firm of engaging in predatory pricing if it charges prices that seem to be too __________
Fill in the blank(s) with correct word
Other things equal, extracting oil from shale becomes economically viable (as or less costly than using conventionally extracted oil) when oil prices reach _____ or more per barrel
A. $80 B. $60 C. $50 D. $40
An advantage of the household survey over the establishment survey of the labor market is that the household survey
A) omits persons employed at newly opened firms. B) is based on actual payrolls, rather than on unverified answers. C) includes the number of self-employed persons. D) includes the number of discouraged workers.
The exchange rate is
a. another term for "interest rate." b. another term for "growth rate." c. the rate at which goods trade for one another across international borders. d. the price of one currency in terms of another currency.